Which of the Following Is Not Likely to Have Contributed

question 88

Multiple Choice

Which of the following is not likely to have contributed to the stagnating real wage levels experienced in the 1970s in the U.S.?

• A)Higher prices for oil,an input in production,led to a decrease in the demand for labor.
• B)The working age population increased and increased the supply of labor in the economy.
• C)The labor force participation rate of females increased sharply in the 1970s.
• D)The imports of consumer goods from Japan led to a decline in domestic production.

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Definitions:

Inequality

The unequal distribution of income, wealth, opportunities, and other economic variables within a society.

Countries

Geographically and politically defined areas, recognized as distinct entities in political geography.

Income Inequality

The uneven distribution of income within a population, often leading to social and economic issues.

India

A country in South Asia, known for its vast diversity in cultures, languages, and religions, and as the world's largest democracy.