Since 1970, U

question 210

Multiple Choice

Since 1970, U.S. consumption function has generally shifted ________ because of ________.

• A) upward; higher expected future income and rising wealth
• B) upward; higher real interest rates
• C) downward; higher real interest rates
• D) downward; falling wealth

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Definitions:

Multinational Corporations

Large business organizations that operate in multiple countries, often exerting significant economic and political influence in the global market.

Authoritarian Governments

Political systems characterized by strong central power and limited political freedoms, where dissent is often not tolerated and control is maintained through various means.

Japanese Colonialism

The period of history when Japan expanded its empire by annexing territories in Asia and the Pacific, from the late 19th century to the mid-20th century.

Transportation Networks

Systems comprised of roads, railways, airports, and waterways that facilitate the movement of people and goods.