apply these principles, theories and models to critically analyze and explain economic situations encountered in the real world;
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Figure 2. Mean Quintile Household Income, 1967-2015 Source: Figure created by the Congressional Research Service (CRS) based on data from U.S. Census Bureau, Current Population Survey (CPS), Annual Social and Economic Supplements, available at http://www.census.gov/ hhes/www/income/data/index.html. Recession data (in gray) are from the National Bureau of Economic Research, at http://www.nber.org/cycles.html. Notes: Income refers to household […]
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