Darby (1984) argues that the problem with declining productivity of the 1970s was not an issue. He adjusted labor productivity upward to take into account which of the following?
(a) The immigration policies of the 1970s restricted the free migration of highly qualified workers.
(b) More men than women re-entered the workforce.
(c) The overall labor force was relatively young and comprised of individuals still maturing in
their knowledge base and skill sets.
(d) The labor force of the 1970s was older, more senior and had gained more experience than
in the past.
(c)
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Sovereign debt refers to
A) debt owned by the government. B) bonds issued by the government. C) debt owed to the government. D) debt only issued by nations with kings or queens.
During 1979-2005, the mortgage default rate
a. was less than the foreclosure rate. b. soared to more than 5 percent during recessions but declined sharply during economic expansions. c. soared to more than 5 percent during expansions but declined sharply during economic recessions. d. was generally between 1 and 2 percent.