Since 1970, U

question 210

Multiple Choice

Since 1970, U.S. consumption function has generally shifted ________ because of ________.

• A) upward; higher expected future income and rising wealth
• B) upward; higher real interest rates
• C) downward; higher real interest rates
• D) downward; falling wealth

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Definitions:

Feminine Mystique

A term popularized by Betty Friedan's 1963 book, describing the dissatisfaction among women in the 1950s and 1960s with the limited role of housewife and mother imposed on them by society.

Cuban Missile Crisis

Tense confrontation caused when the United States discovered Soviet offensive missile sites in Cuba in October 1962; the U.S-Soviet confrontation was the Cold War’s closest brush with nuclear war.

Hart-Celler Act

A 1965 United States immigration law that abolished national origin quotas, significantly altering American immigration policy.

Immigration Law

A set of rules governing who may enter a country, how long they may stay, and what activities they are permitted to engage in while present.