A slowdown in labor productivity causes a slowdown in economic growth when all else is held constant.

Question

Quizplus · Accepted Answer

Labor productivity is an important factor in determining economic growth. When there is a slowdown in labor productivity, it means that fewer goods and services are being produced per unit of labor. This leads to a decrease in the overall output of the economy, which results in a slowdown in economic growth. Therefore, it can be said that a slowdown in labor productivity causes a slowdown in economic growth when all else is held constant.

A Slowdown in Labor Productivity Causes a Slowdown in Economic