The great U-turn refers to:
A) a tricky maneuver to perform when traffic is congested
B) the downturn of the Kondratiev Wave
C) the reversal of the trend toward greater household income equality in core countries since the 1970s
D) a and b
E) none of the above

Question

Quizplus · Accepted Answer

The great U-turn refers to the reversal of the trend toward greater household income equality in core countries since the 1970s. This can be seen as a turning point in economic policy that led to greater income inequality in the United States and other developed countries.

The Great U-Turn Refers To