Labor productivity growth in the United States during the 1973–1995 period could be explained by a ____ slowdown.
A. labor force
B. capital formation
C. technological
D. population growth
Answer: C
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Refer to Figure 23-2. If the U.S. economy is currently at point N, which of the following could cause it to move to point K?
A) Government expenditures increase. B) Firm's cash flows rise as profits rise. C) Households expect future income to rise. D) Household wealth falls.
For complements, cross price elasticity of demand is:
a. Negative b. Positive c. between zero and one only d. zero.
A tax that fell very heavily on the rich and the upper middle class might shift the Lorenz curve from
A. J to K.
B. K to L.
C. L to K.
D. I to J.
An open market sale of bonds by the Federal Reserve will lead to an increase of reserves in banks.
Answer the following statement true (T) or false (F)