The productivity slowdown in the U.S. 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.
c
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The figure above shows Ilene's budget line. If her dog, Muffin, runs away and she adopts another cat, named Sphynx, the budget line shown in the figure will
A) become flatter. B) become steeper. C) shift outward (because cats eat less). D) not move.
When the economy is at its natural rate of unemployment,
A) it is still experiencing frictional and cyclical unemployment. B) it is still experiencing structural and cyclical unemployment. C) it is still experiencing frictional, seasonal, and structural unemployment. D) it is still experiencing frictional, structural, and cyclical unemployment.
The crowding-out effect refers to:
a. higher interest rates and reduced private spending that results from financing federal budget deficits. b. higher future taxes accompanying budget deficits to reduce private consumption. c. the inflation rate to rise when the unemployment rate is low. d. increases in private savings to reduce interest rates and, thereby, crowd-out government
A commitment is a form of strategy
Indicate whether the statement is true or false