Comparing the Distribution of Wealth of the Wealthiest 1% of the Population

question 93

Multiple Choice

Comparing the distribution of wealth of the wealthiest 1% of the population in the United States before and after the recent Great Recession to what occurred before and after the Great Depression,

• A) the percentage of the wealth of the wealthiest 1% increased after the recent Great Recession, unlike what happened after the Great Depression.
• B) the percentage of the wealth of the wealthiest 1% increased after the recent Great Recession, similar to what happened after the Great Depression.
• C) the percentage of the wealth of the wealthiest 1% declined after the recent Great Recession, unlike what happened after the Great Depression.
• D) the percentage of the wealth of the wealthiest 1% declined after the recent Great Recession, similar to what happened after the Great Depression.

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Definitions:

Federal Reserve

The central banking system of the United States, responsible for monetary policy, regulating banks, and ensuring financial system stability.

Prescriptive Statement

Normative assertions that suggest how things should be, often based on opinions or value judgments.

Normative Statement

An opinion or value judgment that reflects what one believes should be rather than what actually is, often involving terms like "ought" or "should."

United States Government

The United States Government is the federal government of the United States, consisting of three distinct branches: legislative, executive, and judicial, each with its own powers and responsibilities.