For the First Time in Almost a Century

question 312

Multiple Choice

For the first time in almost a century,

• A) the rapid growth of federal spending stopped during the 1990s.
• B) the slow growth of federal spending began to increase during the 1990s.
• C) state and local governments spent more than the federal government during the 1990s.
• D) national defense became the largest category of federal spending in the 1990s.

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Definitions:

Market Wage Rate

The prevailing pay rate for a specific job in a specific market or industry, determined by supply and demand.

Generous Pension Plan

A retirement plan that offers higher than average benefits to employees, often providing significant income in retirement.

Prestigious

Associated with high status, respect, or admiration awarded to people, institutions, or things based on their achievements, quality, or importance.

Labor Mobility

The ability of workers to move between jobs, regions, or industries to pursue employment opportunities.