Usually, Increased Government Spending for War Increases Inflationary Pressures

question 116

Multiple Choice

Usually, increased government spending for war increases inflationary pressures.The principal reason that inflation occurred during the Vietnam War and not during World War II was the existence, during World War II, of

• A)full employment.
• B)government ownership of factories.
• C)full production.
• D)wage and price controls.
• E)high levels of patriotism.

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Definitions:

Particular Culture

Refers to the unique set of beliefs, values, norms, and practices that characterizes a specific group, community, or organization.

Short-Term Orientation

A cultural value dimension that emphasizes immediate outcomes and results over long-term planning.

Future Rewards

Benefits or incentives that are promised or anticipated to be received in the future as a result of certain actions or behaviors.

Feminine Cultures

Cultures that value traits like caregiving, community, and modesty, often contrasted with more competitive, assertive "masculine" cultures.