The Truman Doctrine Promised

question 61

Multiple Choice

The Truman Doctrine promised

• A)military aid to countries that had been allied with the U.S.in World War II.
• B)economic aid to former communist countries.
• C)military and agricultural aid to former communist countries.
• D)military and economic aid to countries in danger of communist takeover.
• E)economic aid to countries devastated by World War II.

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Definitions:

Interest-Rate Effect

The interest-rate effect describes how changes in the central bank's interest rate influence the level of overall spending in the economy by affecting borrowing costs.

Price Level

A measure of the average of current prices across the entire spectrum of goods and services produced in the economy.

Money Demand

The desire to hold cash or cash-equivalents and the quantity of money that individuals or businesses want to hold.

Government Expenditures

The total amount of money that a government spends on public services, infrastructure, defense, and welfare programs.