Which of the following caused the productivity problem of the 1970s in the U.S.?
A) low saving rate
B) increased governmental regulations
C) low spending on research and development
D) all of the above

Question

Quizplus · Accepted Answer

All three factors (low saving rate, increased governmental regulations, and low spending on research and development) contributed to the productivity problem of the 1970s in the U.S. Low saving rates led to a shortage of capital for investment, increased governmental regulations added to the costs of doing business, and low spending on research and development limited innovation and technological advancement, all of which resulted in lower productivity growth.

Which of the Following Caused the Productivity Problem of the 1970s