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Instructions: Please write a thorough, well-organized essay to answer each question. Define each of the following terms: Cold War, containment, Iron Curtain, Soviet buffer zone, and détente. What do they indicate about the postwar world and Europe's place in the world?
Unemployment
The failure to use all available economic resources to produce desired goods and services; the failure of the economy to fully employ its labor force.
Command Economies
Economic systems where the government controls the production, distribution, and consumption of goods and services.
Positive Statement
An objective statement based on fact that can be tested and validated, often used in the description of economic behaviors.
Economic Policy
Strategies and actions taken by the government or regulatory bodies to influence the economy, including fiscal, monetary, and trade policies.
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