Mikhail Gorbachev's Policy of Perestroika Introduced What Reforms

question 25

Multiple Choice

Mikhail Gorbachev's policy of perestroika introduced what reforms?

• A)reduction of the Soviet nuclear arsenal
• B)elimination of the KGB to allow for more open expression
• C)economic reforms that included material incentives for workers
• D)bans on foreign investment to make the Soviet Union more self-sustaining
• E)incorporation of representatives from Warsaw Pact nations into the Soviet Union's government

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Definitions:

Inflations

The speed at which the overall price level of goods and services increases, leading to a decrease in buying power.

Taxes

Compulsory financial charges imposed by a government on individuals or entities to fund public expenditures.

Automatic Stabilizer

Economic strategies and initiatives aimed at balancing shifts in a country's economic performance without interference from governmental or policy-making bodies.

Supply-Side

Economic theory that emphasizes the importance of increasing supply (production of goods and services) as the key to economic growth, lower unemployment, and lower inflation.