What explains the rise in income in the U.S.between 1900 and 2013?
A)business cycles
B)economic growth
C)recessions
D)depressions
E)the purchasing power of the dollar

Question

Quizplus · Accepted Answer

The rise in income in the U.S. between 1900 and 2013 is primarily due to economic growth, which has led to higher productivity, increased wages, and job opportunities. While there have been business cycles, recessions, and even depressions during this time period, the overall trend has been towards higher levels of output and income. The purchasing power of the dollar has also played a role, but it is not the main explanation for the rise in income.

What Explains the Rise in Income in the U