34974
AssignmentMultiple Choice

Economic Systems and Daily Life

Question 34974 • Fall 24 Personal Finance and Economics IC

From 1981 to 2001, which change was most likely happening in the US economy?

Answer
A
a decrease in spending by consumers
B
an increase in the number of workers
C
an increase in spending by consumers
D
an increase in government intervention in the economy

Explanation

From 1981 to 2001, the U.S. economy generally grew, and consumer spending rose along with incomes and economic activity. This makes an increase in spending by consumers the most likely change. A decrease in consumer spending would not fit that broad growth trend.

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