The Deep Hostility Between the United States and the Soviet

question 23

Multiple Choice

The deep hostility between the United States and the Soviet Union during the twentieth century was called _________.

• A) détente
• B) the Cold War
• C) the Iron Curtain
• D) containment

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Definitions:

Keynesians

Economists or the economic theory advocating for government intervention in the economy, especially fiscal policy, to manage demand and address unemployment.

Say's Law

A principle that asserts supply creates its own demand, suggesting that producing goods and services generates the means and willingness to purchase other goods and services.

Economy Produces

Refers to the total output of goods and services generated by an economy within a specific period.

Real Balance Effect

The influence a change in household purchasing power has on the quantity of real GDP that consumers are willing to buy.