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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 59
Circle the letter that corresponds to the best answer. Which statement is the most accurate?
A) Baumol's disease explains most of our loss of manufacturing jobs to foreign competitors.
B) The productivity of many workers in the service sector cannot be increased.
C) William Baumol believes that the expansion of the health care industry will greatly increase our productivity growth rate in the coming decades.
D) The sharp increase in productivity growth since 1995 proves that Baumol's disease has been cured.
A) Baumol's disease explains most of our loss of manufacturing jobs to foreign competitors.
B) The productivity of many workers in the service sector cannot be increased.
C) William Baumol believes that the expansion of the health care industry will greatly increase our productivity growth rate in the coming decades.
D) The sharp increase in productivity growth since 1995 proves that Baumol's disease has been cured.
Explanation
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Verified
Productivity is a measure of the efficie...
Macroeconomics 11th Edition by Stephen Slavin
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