The percentage of the population in the two higher income classes (defined by Pew as having more than 200% of median family income) declined from more than 60% in the 1970s to 50% in 2015. Economists that see the decline in the middle class as a consequence of declining growth argue
A) The middle class is responsible for buying a high portion of the goods and services produced.
B) If the poor can't afford goods, fewer will be produced.
C) The middle class is responsible for most of the investment dollars available
D) That middle class are generated by growth and without it, there are fewer such jobs.
Correct Answer:
Verified
Q19: If a candidate for political office was
Q20: If a candidate for political office was
Q21: The innovations from 2000 and today
A)were unrepeatable.
B)were
Q22: The percentage of the population in the
Q23: Those that believe that the recent period
Q25: The labor force participation rate among both
Q26: The percentage of the population in the
Q27: Those that believe that the recent period
Q28: The tightening of credit standards after the
Q29: The innovations that allowed from robust economic
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents