The decline in the rate of growth of labor productivity that the United States suffered in the 1970s has been blamed at least partially on
A) the oil price shocks of 1973 and 1979.
B) a reduction in the level of expenditure by business on research and development.
C) a reduction in expenditure by business on fixed, nonresidential investment.
D) the increased expense involved in complying with environmental regulations.
E) a and d.
Correct Answer:
Verified
Q38: Government policies to improve GDP growth
A) focused
Q39: Endogenous growth theory allows for which of
Q40: Newly developed technology is essentially another form
Q41: Each of the following is used to
Q42: The neoclassical growth revival economists argue all
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
Q48: The real wages earned by American workers
A)
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