Economic Challenges Post-1980

Easy Period 9: 1980–present Economic Challenges

During the late 20th and early 21st centuries, the United States faced a variety of economic challenges that impacted its domestic and international standing. One of the most significant events that influenced the economy was the shift in manufacturing jobs overseas, accompanied by the rise of technology and service industries. This transformation raised questions about job security, wage stagnation, and economic inequality. As a result, policymakers and economists sought various solutions to address these challenges. Which of the following best describes a major economic challenge faced by the United States in the post-1980 period?

Inflation rates were consistently low, leading to economic growth.

There was a significant outsourcing of manufacturing jobs to foreign countries.

The economy was primarily based on agrarian practices.

The country faced a dramatic increase in the number of small family-owned businesses.

Hint

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