Which of These Is NOT a True Statement About Yuppies

question 82

Multiple Choice

Which of these is NOT a true statement about yuppies?

• A) "Yuppies" was a nickname for young, urban professionals in the 1980s.
• B) Yuppies symbolized the new income stratification in America.
• C) Yuppies were known for their materialism and conspicuous consumption.
• D) Yuppies showcased the pursuit of wealth that symbolized the 1980s.
• E) Yuppies represented a large group of working Americans.

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Definitions:

Money Supply

The complete tally of economic assets in an economy at a designated moment, such as cash, coins, and money in checking and savings accounts.

Net Exports

The value of a country's total exports minus the value of its total imports. It is a component of GDP that indicates a country's trade balance.

Money Supply

The sum of all financial assets in an economy at a specific time.

Interest Rates

The cost of borrowing money or the return for investing, usually expressed as a percentage per annum.