Reasons for the growing income inequality in the United States since 1975 include the following, except:
A. A shift in labor demand toward highly-skilled and better-educated workers
B. The entrance of larger numbers of less-experienced less-skilled workers into the workforce
C. An increase in the number of households headed by single or divorced women
D. The decline of unionism in the U.S. workforce
C. An increase in the number of households headed by single or divorced women
You might also like to view...
Over the past 40 years, which of the following has the U.S. economy experienced?
A) persistent inflation B) persistent deflation C) secular deflation D) hyperinflation with prices rising at over 100 percent per year
"The short-run Phillips curve is vertical at the natural unemployment rate." Is the previous statement correct or incorrect?
What will be an ideal response?