A productivity slowdown was observed from the
A) early 1950s to the late 1960s.
B) early 1960s to the early 1970s.
C) late 1960s to the early 1980s.
D) mid-1980s to the late 1990s.
C
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There are 9 firms in an industry with market shares in the table above. Calculate the HHI for the industry. What kind of market does this operate in and why?
What will be an ideal response?
Disposable income is defined as
A) national income - transfers + taxes. B) national income + transfers + taxes. C) national income + transfers - taxes. D) national income - transfers - taxes.
Assume that an inflationary gap must be closed by reducing aggregate expenditures. If consumers refuse to cut spending on consumption and producers won't cut demand for investment goods, the President:
a. can do nothing. b. must build more roads. c. must borrow from Wall Street. d. must increase Social Security expenditures. e. must cut government spending.
Identifying any positive sales quantities at which MR = MC (and determining which positive sales quantity is best if there is more than one) is the description of what rule?
A. Interior Action Rule B. Quantity Rule C. Shut-down Rule D. Profit-maximizing Rule