The increase in productivity that has occurred in the U.S.economy since the mid-1990s is mainly a result of

Question

Quizplus · Accepted Answer

The increase in productivity since the mid-1990s is known as the "productivity paradox" because it coincides with a decrease in the rate of capital investment and an increase in the rate of unemployment. Therefore, the increase in productivity must be attributed to an increase in the rate of growth of technology, which has facilitated automation, improved communication, and allowed firms to streamline operations.

The Increase in Productivity That Has Occurred in the U