Solved

Labor Productivity in the United States

Question 47

Multiple Choice

Labor productivity in the United States


A) generally increases from one year to the next, but the rate of that increase fell drastically in the 1970s.
B) held stable over the past 50 years and so has maintained labor's share of GDP, at roughly 75 percent.
C) generally falls from one year to the next but particularly when outside shocks create high rates of inflation.
D) has been the source of increasingly inflationary wage settlements since the 1973 oil shock.
E) none of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents