Why Was Unification of Italy Such a Long and Difficult

question 52

Essay

Why was unification of Italy such a long and difficult process?

Understand the relationship between disposable income and savings.

Explain the connection between consumption, investment, and disposable income.

Identify the factors that influence investment decisions.

Differentiate between various business structures and their characteristics.

---

Definitions:

Ruble

The official currency of Russia, symbolizing the country's economic activity.

Open-Market Operations

The buying and selling of government securities by a central bank to control the money supply and interest rates.

Federal Reserve

The primary banking authority in the United States, tasked with overseeing monetary policy, managing bank regulation, and maintaining financial system stability.

Money Multiplier

The amount of money the banking system generates with each dollar of reserves.