What was the trend in income for the bottom 90% of Americans between 1945 and 1981?
Income Inequality Is a Structural Issue in U.S.: Columbia's Sachs

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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Their income decreased significantly.
Their income remained stagnant.
Their income increased by 176%.
Their income increased by 77%.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country is considered the most unequal among high-income countries?
United States
Japan
Canada
Germany
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key factor that other countries have used to address inequality?
Decreasing education funding
Taxing the rich more
Increasing military expenditure
Reducing government spending
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major limitation of monetary policy in addressing inequality?
It only benefits the top 1% of earners.
It is too complex for most economists to understand.
It can only affect short-term interest rates.
It cannot address structural issues like monopoly power.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the structural issues that needs to be addressed to solve inequality?
Reducing the number of universities
Decreasing the number of small businesses
Increasing the number of banks
Improving union representation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the relationship between fiscal and monetary policy according to modern monetary theory?
They are completely independent of each other.
They should both be abandoned in favor of new economic theories.
Fiscal policy should be the primary tool for addressing inequality.
Monetary policy is more effective than fiscal policy.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common misconception about monetary policy's ability to solve economic problems?
It can be a magic trick to fix inequality.
It is ineffective in addressing inflation.
It is the only tool needed for economic stability.
It can solve all structural issues.
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