Since the End of World War II,the U

question 107

Multiple Choice

Since the end of World War II,the U.S.price level has

• A)increased eightfold
• B)increased by an average of 10 percent each year
• C)increased and decreased with equal regularity,leaving the price level almost constant
• D)increased by 50 percent
• E)doubled

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Definitions:

Tax Revenue

The funds governments accumulate from tax collection.

Tax Rates

The percentage at which an individual or corporation is taxed on their income or profits.

High Levels Unemployment

A situation where a significantly large portion of the workforce is not engaged in productive work, typically indicative of economic trouble.

Laissez-Faire Policy

An economic philosophy of free-market capitalism that opposes government intervention.