Which period of recent U.S. history shows the lowest rates of productivity growth?

A. 1948–1973
B. 1973–1995
C. 1995–2000
D. All periods had similar growth rates.

Answer: B

Economics

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Which of the following is NOT a source of bias in the CPI?

i. quality change bias ii. new goods bias iii. quantity change bias A) ii and iii B) iii only C) i only D) ii only E) i and ii

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Susan Greenberg, who works in a typewriter factory, becomes unemployed because people start buying personal computers instead of typewriters. Susan can best be described as:

a. frictionally unemployed. b. structurally unemployed. c. cyclically unemployed. d. not part of the labor force. e. a discouraged worker.

Economics