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Which of the Following Would Cause Prices to Fall and Output

question 39

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Which of the following would cause prices to fall and output to rise in the short run?


Definitions:

League of Nations

An international organization founded after World War I to promote peace and cooperation among countries, which was later replaced by the United Nations.

Entanglements

Complex situations or circumstances where elements are twisted or interwoven in a confusing or complicated manner.

Leon Blum

A French socialist leader and three times Prime Minister of France, noted for frontline social and economic reforms.

New Economic Policy

A policy introduced by Vladimir Lenin in Soviet Russia in 1921 to reintegrate limited capitalist practices within the socialist economy to rebuild post-civil war economy.

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