The Year 1989 Saw All of These Events EXCEPT

question 83

Multiple Choice

The year 1989 saw all of these events EXCEPT

• A) fall of the Berlin Wall.
• B) collapse of communism in Romania and Czechoslovakia.
• C) resignation of Gorbachev.
• D) 340,000 people leaving Eastern Europe through Hungary and Czechoslovakia.
• E) resignation of Tedor Zhivkov in Bulgaria.

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Definitions:

Real Interest Rates

Interest rates adjusted for inflation, reflecting the true cost of borrowing and the real yield for lenders.

Inflation

The pace of upsurge in the collective market prices for goods and services, decreasing the capacity to spend.

Interest Rates

The cost of borrowing money or the return on investment expressed as a percentage, typically on an annual basis.

CPI

Consumer Price Index, which measures the average change over time in the prices paid by consumers for a market basket of consumer goods and services.