1/9
Looks like no tags are added yet.
Name | Mastery | Learn | Test | Matching | Spaced | Call with Kai |
|---|
No analytics yet
Send a link to your students to track their progress
Great Recession
A significant economic downturn that occurred from 2008 to 2009, leading to increased unemployment and decreased incomes.
Mismanagement of the financial system
Poor decisions made by bankers and financial managers that contributed to the recession.
Income inequality
The disparity in income distribution among different groups in society, particularly between the wealthy (1%) and lower-income individuals.
Burden of the recession
The negative impact of the economic downturn, which disproportionately affected those in lower income quintiles through unemployment.
American Dream
The belief that anyone can achieve success and prosperity through hard work, often associated with having a large income and a happy family.
Redistributive policy
Government actions aimed at reducing income inequality by reallocating resources from the wealthy to those with lower incomes.
Long-term programs
Initiatives such as increased education and job training designed to promote economic equality and improve overall economic output.
Economic output
The total value of goods and services produced in an economy, which can be enhanced by reducing income inequality.
Polarization
The division of society into distinct and opposing groups, often exacerbated by unequal burdens during economic downturns.
Balance in income distribution
The idea of achieving a more equitable distribution of income to benefit the overall economy and society.