Which of the Following Statements Below Best Characterizes American Households

question 43

Multiple Choice

Which of the following statements below best characterizes American households?

• A) The number of Americans living in multigenerational households has been declining for several decades.
• B) Young college graduates are moving back into their parents' homes in unprecedented numbers,as they face bleak job prospects.
• C) The declining immigrant population has contributed to the decline in multigenerational households.
• D) The number of grandparents living with and raising their grandchildren has declined steadily since the 1990s.

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Definitions:

Stock Variable

A quantity measured at one specific time, representing a certain amount accumulated up to that time.

Money Supply

The total amount of monetary assets available in an economy at a specific time.

Price Level

A composite measure reflecting the prices of all goods and services in the economy relative to prices in a base year.

Consumer Spending

The total expenditure by households on goods and services within a certain period of time, a primary engine of economic activity.