The Willingness to Be Restrained by the Power of Social

question 23

Multiple Choice

The willingness to be restrained by the power of social institutions,but not political or legal institutions,is a hallmark of a(n) ________ regime.

• A)totalitarian
• B)authoritarian
• C)democratic
• D)monarchic

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Definitions:

Nominal GDP

The market value of all final goods and services produced within a country in a year, measured in current prices without adjusting for inflation.

Economy Growth

An increase in the production of goods and services in an economy over a period of time, often measured by the growth of the Gross Domestic Product (GDP).

Inflation Rate

The progression rate at which the cost of consumer goods and services climbs, thereby eroding purchasing potential.

Price Level

The Price Level is a measure of the average prices of goods and services in an economy at a specific time.