In which time spans did inequality between the rich and the poor decrease, and which policies had an impact on these changes?
A) in the 1990s-2000s; Keynesian policies
B) in the 1970s-1980s; neoliberal policies
C) in the 1930s-1960s; Keynesian policies
D) in the 1930s-1960s; neoliberal policies

Question

Quizplus · Accepted Answer

In the 1930s-1960s, there was a decrease in inequality between the rich and the poor, largely due to the implementation of Keynesian policies. These policies focused on increasing government spending and reducing unemployment, which helped to redistribute wealth and reduce income inequality. It is worth noting that some scholars also argue that the New Deal policies implemented in the 1930s played a role in reducing inequality during this period.

In Which Time Spans Did Inequality Between the Rich and the Poor