The productivity growth slowdown of the late 1970s and early 1980s may have been due,in part,to the environmental and workplace safety regulations.

Question

Quizplus · Accepted Answer

Some economists argue that the increase in regulation during the 1970s and 1980s led to increased costs for companies, which reduced their ability to invest in new technology and innovation. This, in turn, may have contributed to slower productivity growth during this period. However, there is debate among economists about the overall impact of regulations on productivity growth.

The Productivity Growth Slowdown of the Late 1970s and Early