The productivity slowdown in the United States from 1973 to 1995
A. can be explained easily with economic theory.
B. continued into the third millennium.
C. still confuses economists.
D. was a continuation of the slowdown from 1948 to 1973.
Answer: C
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If the Fed sells U.S. government securities,
A) the U.S. Treasury loses some revenue. B) the U.S. Treasury gains some revenue. C) banks' reserves increase. D) the federal funds rate rises. E) None of the above answers is correct.
If a minimum wage law is passed imposing a price floor above the equilibrium price of unskilled labor and employers increasingly used efficiency wages, it would ___ structural unemployment and ____ the natural rate of unemployment: a. Increase; increase
b. Increase; not change. c. Not change, increase. d. Do none of the above.
The four-firm concentration ratio is calculated by adding the _____________ of the four largest firms in the industry.
a. profits b. total earnings c. market shares d. costs of wages
Lately, the ratio of debt to GDP has been
a. rising at a small rate. b. rising steadily. c. falling modestly. d. staying constant.