View the step-by-step solution to:

1 During the _________, real incomes nearly doubled in every income category.

1 During the _________, real incomes nearly doubled in every income category.

Multiple Choice

  • 1920s
  • post-World War II period
  • 1970s
  • 1990s
  • globalization period

2 Between the 1950s and 1970s, what prevented widening income inequality?

Multiple Choice

  • The decline in union membership
  • The creation of supply-side economic policies
  • A reduction in the capital gains tax
  • A high marginal tax rate on upper incomes
  • The rise of global competition to U.S. businesses

3 Supply-side economic theory is based on the assumption that

Multiple Choice

  • a high marginal tax rate on upper incomes is necessary.
  • government investment in social welfare policies reduces poverty.
  • tax cuts for businesses and high-income earners stimulates economic growth.
  • government should promote unions in order to reduce income inequality.
  • lowering the minimum wage reduces wage stagnation.

4 What advantage do middle- and lower-income Americans have in the political system?

Multiple Choice

  • Corporate influence with Congress
  • Both political parties are dedicated to representing their economic needs
  • They provide most of the campaign contributions to members of Congress
  • Most lobbyists represent lower- and middle-income groups
  • Voting power

Recently Asked Questions

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.


Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question