In the Shang Dynasty in China, the Ruler Derived His

question 40

True/False

In the Shang dynasty in China, the ruler derived his authority through guidance from ancestors and gods.

---

Definitions:

Government Spending

Expenditures by the government sector on goods and services, including public services and government investment, but excluding transfer payments.

Price Index

A statistical measure that shows changes in the price level of a basket of goods and services over time, used to gauge inflation.

Phillips Curve

An economic theory suggesting an inverse relationship between the rate of unemployment and the rate of inflation in an economy.

Inflation

A continuous rise in the overall price level of goods and services within an economy over a period.