Asked by
Samantha Loera
on Oct 29, 2024Verified
What was true of the average real wages of American workers from 1973 to the mid-1990s?
A) They rose at the highest rate in the nation's history.
B) They declined steadily.
C) They steadily rose and caused a significant increase in the size of the middle class.
D) They declined at a higher rate than during the Great Depression of the 1930s.
Real Wages
The purchasing power of wages, considering the effects of inflation and cost of living.
Great Depression
A severe worldwide economic downturn that lasted from 1929 until the late 1930s, leading to widespread poverty, unemployment, and social upheaval.
- Assess the impact of economic strategies and technological progress on the United States' economy throughout the nineties.
Verified Answer
ME
Learning Objectives
- Assess the impact of economic strategies and technological progress on the United States' economy throughout the nineties.
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