Which of the following was one of the likely causes of the productivity problem in the 1970s?
A) a reduction in government regulation
B) increased research and development spending
C) an increase in investment spending
D) low saving rates

Question

Quizplus · Accepted Answer

Low saving rates can lead to a reduction in investment and therefore a decrease in productivity. Without sufficient investment in new machinery, capital improvements, and research and development, a country's productivity growth slows down.

Which of the Following Was One of the Likely Causes