Economists who believe that the 1995-2012 rise in the average rate of productivity growth may be long lasting claim that the above-normal economic growth in the United States between 1995 and 2012 was caused by:

Question

Quizplus · Accepted Answer

Increased entrepreneurial activity, application of information technology, and global competition are all factors that can lead to sustained productivity growth. This is because they encourage innovation, efficiency, and competition, which in turn drives productivity gains. The other choices (increases in personal saving, budget surpluses, and expansionary monetary policy) may have contributed to economic growth during this period, but they are not as closely linked to sustained productivity gains.

Economists Who Believe That the 1995-2012 Rise in the Average