Historically, household debt in the U.S. had been:
A. rising steadily since the Great Depression until the early 2000s, when it accelerated.
B. fairly constant since the Great Depression until the early 2000s, when it accelerated.
C. fairly constant since the Great Depression until the early 2000s, when it declined.
D. rising steadily since the Great Depression until the early 2000s, when it declined.
Answer: A
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The U.S. Department of Labor defines the "working poor" as "persons who have devoted 50 weeks or more to working or looking for work" and with incomes below the official poverty threshold
Indicate whether the statement is true or false
Which of the following will not cause the aggregate supply curve to shift?
a. an increase in capital stock b. a decrease in the number of workers c. a decrease in the amount of natural resource base d. a change in the price level e. an increase in the number of entrepreneurs
Earth Movers & Shakers operates 3 iron ore mines. The accompanying table shows each mine's total daily production and the current number of miners at each mine. All miners work for the same wage, and each miner in any given mine produces the same number of tons per day as every other miner in that mine. Total Tons Per DayNumber of MinersMother Lode10025Scraping Bottom3010Middle Drift7515 The opportunity cost of moving one miner from Mother Lode to another mine is:
A. 2 tons per day. B. 1 ton per day. C. 3 tons per day. D. 4 tons per day.
Any rule that is used to make a choice is a
A) positive-sum game. B) zero-sum game. C) strategy. D) rational decision.