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Briefly Explain Why, Until 2008, Americans Amassed Record Amounts of Debt

question 136

Essay

Briefly explain why, until 2008, Americans amassed record amounts of debt and why the free-spending trend has ended.


Definitions:

Cross-Sectional Design

Research design in which several different participant age groups are studied at one particular point in time.

Sense of Humor

The ability to appreciate, create, or recognize humor.

Genetics

The scientific study of heredity and the variation of inherited characteristics.

Heredity

The passing of physical or mental characteristics genetically from one generation to another.

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