Following the Collapse of the Command Socialist System in 1991

question 3

Multiple Choice

Following the collapse of the command socialist system in 1991, prices in Russia:

• A)increased by as much as 10-fold in 6 months.
• B)shot up because banks made too many loans and increased the money supply too much.
• C)increased rapidly during the transition because price floors had been set too low; once price liberalization began, they subsequently rose very rapidly.
• D)fell as fear of the future led Russion consumers to reduce their consumption.

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Definitions:

Rolling Department

A section within a manufacturing facility where the process of rolling, a metalworking technique of plastically deforming metal by passing it between rolls, takes place.

Solver

A computational tool, often found in spreadsheet software, used for finding the optimal solution to a mathematical problem by altering multiple variables.

Number of Hours

A measure of time representing the total duration often used in contexts such as work, study, or project timelines.

Monthly Profit

The financial gain or loss realized by a business or individual over the course of a single month, after all expenses have been subtracted from revenue.