Greenwood and Yorukoglu view the post-1973 productivity slowdown as resulting from
A)the information technology revolution.
B)high oil prices.
C)measurement errors.
D)technological depletion.

Question

Quizplus · Accepted Answer

Greenwood and Yorukoglu attribute the post-1973 productivity slowdown to the information technology revolution, arguing that the initial phases of adopting new technologies, such as IT, can temporarily slow apparent productivity as economies adjust to new ways of working and incorporate these technologies into everyday business practices.

Greenwood and Yorukoglu View the Post-1973 Productivity Slowdown as Resulting