Despite the improvements in information technology, productivity growth since 2006 has fallen to an even lower rate than during the period of slow growth from the mid-1970s to the mid-1990s
Indicate whether the statement is true or false
FALSE
You might also like to view...
In an economy, for every $10 million increase in disposable income, saving increases by $2 million. It can be concluded that the
A. average propensity to save is 0.2. B. marginal propensity to consume is 0.2. C. slope of the saving schedule is 2. D. slope of the consumption schedule is 0.8.
According to the U.S. Secret Service, approximately $2.6 billion of U.S. paper currency in circulation is counterfeit. Undetected counterfeit U.S. currency being held by the public both at home and abroad will impact the level of
A) M1. B) the money multiplier. C) the reserve ratio. D) commodity money.
The opportunity cost of taking an on-line history class is
A) the cost of tuition and fees only. B) zero because there is no classroom time involved if you are enrolled in the course. C) the value of the time spent on line. D) the knowledge and enjoyment you receive from taking the class. E) equal to the highest value of an alternative use of the time and money spent on the class.
How might a court use cross elasticity in an antitrust case?
What will be an ideal response?