Compared to the 1970s and Early 1980s, Household Debt as a Share

question 538

Multiple Choice

Compared to the 1970s and early 1980s, household debt as a share of income in 2007 has

• A) increased at a steady rate over time.
• B) remained about the same.
• C) more than doubled.
• D) decreased slowly over time.

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Definitions:

Anti-democratic

Opposed to democratic principles, often favoring centralized control or leadership without the same level of input or influence from the general population.

Upper-management Levels

The highest tier in an organization's management hierarchy, responsible for strategic decision-making and company-wide policy setting.

Conceptual Clarity

The state of having a clear and coherent understanding of an idea or concept, free from confusion or ambiguity.

Elitist

Pertaining to or advocating the dominance of a society by a select group of people considered superior in terms of intellect, social status, wealth, or other attributes.