The unraveling of soviet communism can be traced to______________?
Correct answer: D. all of the above
- A. a failure in raised expectations
- B. the oppressive role of the Communist Party
- C. the failure of the Soviet economy to provide for consumer goods
- D. all of the above
Explanation
The Soviet collapse reflected several connected failures: unmet or rising public expectations, political oppression by the Communist Party, and chronic shortages of consumer goods. Therefore, all the listed factors contributed.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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