In absolute terms and relative to other countries, what happened to U.S. growth rates in productivity as measured by output per paid hour in the late 1960s and 1970s?
(a) They increased.
(b) They stayed the same.
(c) They fell.
(d) They fell early on and then increased past their previous levels.
(c)
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Firms can acquire access to savings directly ________
A) by issuing securities B) through the payment of taxes to the federal government C) by borrowing from banks D) through the depositing of funds in depository institutions
New Keynesian theory says that
a. changes in the money supply can have long run and short run effects on real variables. b. changes in the money supply can have short run effects on real variables, but not long run effects. c. changes in the money supply can have long run effects on real variables, but not short run effects. d. changes in the money supply have no effect on real variables in the short run or the long run.
Why does the International Ladies' Garment Workers Union pay for advertising that promotes American- made textile products?
Your father tells you he earned $3.00 per hour when he was 16 in 1977; you remember making $6.00 per hour when you were 16 in 1999 . Given that the CPI was 36.7 in 1977 and 166.1 in 1999, which of the following is the 1999 real equivalent of your father's hourly earnings when he was 16?
a. $4.48 b. $6.78 c. $13.58 d. $15.01