The saving rate in the United States fell to nearly zero in the early 2000s. One of the contributing factors to this development was the
a. decrease in consumer confidence in the late 1990s.
b. declining real incomes of most American households.
c. increased housing wealth.
d. rising real interest rates in the United States.
c
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List four types of tax-deferred saving vehicles. How could tax-deferred saving vehicles, if modified, transform the U.S. income tax into a consumption tax?
What will be an ideal response?
If the functional finance approach to federal budgeting is followed, the federal government's budget deficit should be zero
a. True b. False Indicate whether the statement is true or false
An industrial union would be organized among a group such as
A. air traffic controllers. B. plumbers. C. airline pilots. D. steel workers.
Which statement is false?
A. The rate of inflation rose during the Eisenhower Administration. B. The United States' economy has not had an unemployment rate below 5 percent since the early 1940s. C. President Reagan believed the federal government should "tax, tax, tax, spend, spend, spend", its way to prosperity. D. All of the statements are false.