During the New Deal,the Structure of Capitalism in the U

question 7

Multiple Choice

During the New Deal,the structure of capitalism in the U.S.changed forever in each of the following areas except for one.Which one?

• A) The relation between government and markets changed in the sense that government interventions of one sort or another occurred.
• B) The Federal Reserve System began to control actively the money supply and interest rates to control overall levels of consumer and business spending in the economy.
• C) Government spending rose and was intended to serve as an economic stimulus, similar to private investment spending.
• D) Individual households began to take greater charge over their own economic welfare with no government assistance.

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Definitions:

Competition

The rivalry among businesses to attract customers, increase sales, and achieve a dominant position in the market.

Price

The sum of money anticipated, necessary, or provided as a payment for an item.

Product Life Cycle

The sequence of stages a product goes through from introduction to growth, maturity, and decline in the market.

Product Life Cycle

The progression of a product through stages from development and introduction to growth, maturity, and decline.