​All of the Following Are True Statements About the Economy

question 79

Multiple Choice

​All of the following are true statements about the economy during the Clinton years except​

• A)​unemployment averaged below 2 percent per year.​
• B)​real  income rose for the first time in 15 years.​
• C)​millions of new jobs were created.​
• D)​the gulf between the richest 1 percent and the rest of the country narrowed.​
• E)​the federal deficit decreased.​

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Definitions:

Work Ethic

A set of values based on the importance of doing work and reflected in a commitment to hard work and diligence.

Baby-Boomer

A person born during the demographic post-World War II baby boom, typically identified as someone born between 1946 and 1964.

Differentiation

The process of distinguishing a product, service, or business in the market by developing unique features, benefits, or capabilities.

Communication

The process by which information is exchanged between individuals through a common system of symbols, signs, or behavior.