Factors increasing the U.S. labor supply and thereby contributing to the slowdown in real-wage growth that began in the 1970s include ________ and ________.

A. increased labor force participation by women; the coming-of-age of the baby-boom generation
B. technological progress; diminishing returns to labor
C. skill-biased technological change; globalization
D. increasing wage inequality; globalization


Answer: A

Economics

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Which of the following would slow down productivity growth?

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Since 2006, our unemployment rate

A. rose. B. fell. C. stayed about the same.

Economics

Refer to the information provided in Figure 28.8 below to answer the question(s) that follow. Figure 28.8Refer to Figure 28.8. Along SRPC3, expected inflation equals

A. 4%. B. 5%. C. 6%. D. cannot be determined from the figure.

Economics