According to Conservative Economists, the Increasing Income and Wealth Gaps

question 29

Multiple Choice

According to conservative economists, the increasing income and wealth gaps and low wages have:

• A) made the United States less productive.
• B) increased the dependency of the United States on poor nations.
• C) increased the consumer spending base.
• D) encouraged many people to enter and stay in the labor force.
• E) boosted national solidarity.

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Definitions:

Opposite

In the context of numbers, it refers to the additive inverse of a number, which when added to the original number, results in zero.

Compounded Quarterly

A method where interest is calculated and added to the principal balance four times a year, affecting the total interest accrued over time.

Promissory Note

An economic tool comprising a formal pledge by one party to give a specific amount of money to another, redeemable upon request or at a predetermined time.

Discounted

Refers to the reduction of an item's price or the present value of future cash flows discounted back to the present value.