The productivity slowdown in the U.S. from 1973 to 1995
a. can be explained easily with economic theory.
b. continued into the third millennium.
c. still confuses economists.
d. was a continuation of the slowdown from 1948 to 1973.
c
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The import demand curve determines the ________ in the same way that the export supply curve determines the ________
A) supply of foreign exchange; demand for foreign exchange B) supply of domestic currency; demand for domestic currency C) demand of foreign exchange; supply for foreign exchange D) demand of domestic currency; supply for domestic currency
The wage rate is determined by
A. the interaction of supply and demand in the market. B. the substitution and income effects of supply. C. the U.S. government in all circumstances. D. None of the choices are correct.