The percentage of the population in the middle-class (defined by Pew as having income between 67% and 200% of median family income)
A. declined from more than 60% in the 1970s to 20% in 2015.
B. remained constant at 60% from the 1970s to 2015.
C. increased from the 1970s to 2015.
D. declined from more than 60% in the 1970s to 50% in 2015.
Answer: D
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What will be an ideal response?
Which of the following issues prominent in the presidential election of 2012 shifts the aggregate demand curve rightward?
A) raising taxes on the rich B) increasing Medicare, Medicaid, and Social Security payments C) loosening immigration policies D) allowing more oil drilling on Federal lands
What is public choice theory?
What will be an ideal response?
When one company is owned by a corporation but is chartered separately from the parent company, this is
A. a subsidiary. B. a clone. C. used for tax evasion. D. illegal.