Which of the Following Has Led to Wage Stagnation Among

question 22

Multiple Choice

Which of the following has led to wage stagnation among lower- and middle-income workers in recent decades?

• A)changes in tax policy
• B)changes in the nation's job market
• C)the "compression effect" described by economist Paul Krugman
• D)a booming goods and services sector
• E)All of these answers are correct.

---

Definitions:

End-of-Year

A term that refers to the conclusion of a fiscal or calendar year, a time often used for accounting and inventory purposes.

Additional Costs

Additional costs refer to expenses that are not typically included in the initial budget or cost estimates, such as unexpected fees, charges, or overheads.

Plant Assets

Long-term tangible assets that are used in the production of goods and services and are not intended for resale.

Productive Capabilities

The capacity of a system, entity, or resource to produce goods or services of value, often influenced by technological, human, and physical resources.