Which of the Following Helped Directly Bring About the Rise

question 17

Multiple Choice

Which of the following helped directly bring about the rise of neoliberal forms of governance?

• A) The rise of fascism in Europe in the 1930s
• B) The Cold War
• C) The social and political upheavals of the 1960s and 70s in Europe and North America
• D) The rise of conservative governments in Britain and North America in the 1980s

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Definitions:

MPC

Marginal Propensity to Consume refers to the proportion of an increase in income that gets spent on consumption of goods and services, as opposed to being saved.

Aggregate Demand

The total quantity of goods and services demanded across all sectors of an economy under certain economic conditions and price levels.

Aggregate-Demand Curve

A graphical representation showing the total quantity of goods and services demanded across all levels of prices in the economy.

Wealth Effect

The Wealth Effect is an economic theory suggesting that consumers tend to spend more when their wealth increases, due to rising home values or stock market investments, influencing overall economic activity.