Weber Maintained That the Protestant Ethic

question 46

Multiple Choice

Weber maintained that the Protestant ethic

• A)caused capitalism to come into being.
• B)led to the rise of fundamentalism.
• C)was a significant force in the emergence of capitalism.
• D)must be present in a society if it is to achieve economic success.

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Definitions:

Money Supply

The overall sum of money available in an economy at a designated moment.

Government Expenditures

Spending by government agencies on goods, services, and projects to fulfill public policies, which can influence a nation's economic performance.

Multiplier

A factor that quantifies the change in economic output resulting from a change in fiscal or monetary input.

MPC

Marginal Propensity to Consume, a measure of how much consumption changes with a change in income.