Growth in real GDP per hour worked in the United States was slowest during what period of time?
In the United States,the annual growth rate of real GDP per hour worked between 1995 and 2010 averaged
The productivity slowdown of the mid-1970s can be explained by which of the following?
A) excessive use of fiscal policy
B) large increases in research and development
C) a decline in labor quality
D) diminishing marginal returns
Which of the following is true regarding the productivity slowdown in the United States during the mid-1970s?
A) The productivity slowdown occurred despite a rising quality of labor.
B) The productivity slowdown was unique to the United States as foreign countries experienced unprecedented rates of growth during that time.
C) High oil prices raised the costs of doing business for markets worldwide, and reduced output worldwide as well.
D) The move toward a "New Economy" ended in the early 1970s, resulting in less technological progress in the United States during the mid-1970s.