Proponents of the view that a fundamental change in the economy occurred in the late 1990s cite as evidence all of the following except:

Question

Quizplus · Accepted Answer

The other options (A, B, and D) are all cited as evidence for the fundamental change in the economy in the late 1990s. Option C goes against this view by pointing out the procyclical nature of productivity growth, which suggests that the productivity gains were simply part of the normal business cycle rather than a fundamental shift in the economy.

Proponents of the View That a Fundamental Change in the Economy