The Rapid Acceleration of the Economic Growth Rate in the Late

question 84

Multiple Choice

The rapid acceleration of the economic growth rate in the late 1990s

• A)Was so unusual that observers believed it was an abnormality.
• B)Has been sustained into the 2000s.
• C)Led observers to think that faster growth would be the norm.

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Definitions:

Income Inequality

The uneven distribution of income within a population, leading to disparities in wealth and economic opportunities.

Private-Sector Risk

The exposure to uncertainty and potential financial loss faced by businesses and investors outside of government control.

Contracts

Legal agreements between two or more parties that create mutual obligations enforceable by law.

Coerce Behavior

To compel or force someone to act in a certain way through pressure or threats.