All of the following describe trends in U.S. labor markets except:
A. substantial growth in the level of employment in the United States since 2000.
B. growing wage inequality in the United States in recent decades.
C. a slowdown in real wage growth since the 1970s.
D. substantial growth in real wages during the last century.
Answer: D
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If net exports decrease by $10 billion and the MPC is 0.9, what is the ultimate change in GDP?
a. $100 billion b. -$10 billion c. $10 billion d. -$100 billion e. -$9 billion
New airplanes, which normally consume less fuel per passenger-mile, become less efficient for commercial airlines to purchase and use as
A) average flight distances lengthen.
B) fewer non-stop flights are scheduled.
C) fuel prices fall.
D) the demand for airline travel increases.
E) the price of new airplanes falls.