Which of the Following Is not considered a Basic Economic

question 41

Multiple Choice

Which of the following is not considered a basic economic force?

• A) Fiscal policy
• B) Monetary policy
• C) Inflation
• D) P/E ratio
• E) None of the above (that is, all are basic economic forces)

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Definitions:

Culture Industry

A term used by critical theorists to describe the mass production and commodification of culture under capitalism.

Rationalize

The process of justifying behaviors, decisions, or beliefs through seemingly logical or reasonable explanations, often to align them with one's own interests or values.

Economic Foundation

The base or underlying economic conditions and resources that support the growth, development, and sustainability of an economy or sector.

Society

A community organized around common traditions, institutions, or shared nationality.