Many Economists Argue That the Sharp Reduction in U

question 17

Multiple Choice

Many economists argue that the sharp reduction in U.S.net exports in the mid 1980s was due to

• A)expansionary U.S. monetary policy.
• B)contractionary U.S. monetary policy.
• C)expansionary U.S. fiscal policy.
• D)contractionary U.S. fiscal policy.

---

Definitions:

Population in Poverty

The portion of the community that lives below the poverty line, unable to afford basic human needs like clean water, nutrition, health care, education, clothing, and shelter.

Poverty Rates

The percentage of the population that lives below the poverty line, which is often defined as the income level at which a person cannot afford the minimum necessities for life.

Elderly

Individuals of an older age, typically considered to be those aged 65 and over.

Past Few Decades

A term referring to the period extending roughly from the last 20-30 years to the present.