Elitists Generally Argue That __________

question 40

Multiple Choice

Elitists generally argue that __________.

• A)all legitimate groups are able to affect public policy by one means or another.
• B)corporations hold tremendous power
• C)the American political terrain is characterized by a dispersion of power
• D)the government is run for the benefit of all the people

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Definitions:

Inflation Expectations

The rate at which people expect the general price level of goods and services to rise in the future.

Housing and Financial Crisis

A period marked by severe disruptions in the availability of credit, widespread foreclosures, and plummeting housing prices, typically leading to a long-term economic downturn.

World Prices

The prices of goods and services as determined on the global market, influenced by global supply and demand.

Inflation Rate

The velocity with which the average cost figures for goods and services ramp up, undercutting the efficiency of consumer expenditure.