What Argument Did the Book the Third Wave Make

question 10

Multiple Choice

What argument did the book The Third Wave make?

• A) The world has slipped into "a democratic recession."
• B) Government should abandon the old ideas of the left (who want to expand the state) and of the right (who want to shrink it).
• C) Democratic state institutions have important virtues for promoting social justice.
• D) We are in the midst of a great epoch of democratization that began in 1974.

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Definitions:

Discount Rate

The rate at which financial institutions can borrow funds from the central bank, often used as a monetary policy tool.

Depository Institutions

Financial institutions that accept deposits from individuals and provide loans.

Fed Charges

Fees or interest rates set by the Federal Reserve, often in the context of lending to financial institutions.

Board of Governors

The leading body of the Federal Reserve System, overseeing the Federal Reserve Banks and setting monetary policy in the United States.