Productivity declines may worsen recessions by causing unit labor costs to:
A) rise,thereby resulting in falling profits and lower investment spending
B) rise,thereby resulting in greater retained earnings by firms
C) fall,thereby creating incentives for government intervention
D) fall,thereby reducing consumer spending power
Correct Answer:
Verified
Q26: Compared to the 1948 - 1973 period,the
Q27: Which of the following best describes the
Q28: Productivity growth:
A)falls below its trend rate in
Q29: Under what conditions would we expect to
Q30: For the 1948 - 2011 period in
Q32: Suppose that an economy's real wages and
Q33: Suppose demand conditions in industries X and
Q34: Suppose demand conditions in industries X and
Q35: The resurgence of U.S.productivity growth in the
Q36: Productivity appears to be:
A)procyclical; firms are reluctant
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