The real wages earned by American workers
A) has increased steadily ever since 1960.
B) rose during the 1960s and 1970s but remained constant ever since.
C) rose to a peak coinciding with the formation of OPEC in the early 1970s but now has declined to its mid-1960s level.
D) held relatively stable during the years of oil price shocks but now is almost twice what it was at the beginning of the 1960s.
E) remained constant for the past four decades.
Correct Answer:
Verified
Q40: Newly developed technology is essentially another form
Q41: Each of the following is used to
Q42: The neoclassical growth revival economists argue all
Q43: The decline in the rate of growth
Q44: The productivity of American workers
A) rose during
Q45: The Kennedy round of investment tax credits
Q46: The real wage paid to American labor
Q47: Labor productivity in the United States
A) generally
Q49: Of the factors that increase long-run GDP
Q50: The largest source of post-1995 productivity derives
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents