Some economists argue that the productivity slowdown from mid 1970s to mid

Some economists argue that the productivity slowdown

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80) Some economists argue that the productivity slowdown from mid-1970s to mid-1990s actuallydidnʹt happen, but justʺappearedʺto happen becauseA) new environmental laws had passed and forced firms to spend to reduce pollution, and thisspending did not raise output.B) services were becoming a more important part of the economy and it was hard to measureincreases of output from services.C) increased spending on health and safety raised worker productivity.D) A and BE) B and CAnswer: D80)Diff: 2Page Ref: 724-725/350-351Topic: The Productivity Slowdown of 1973-1994Learning Outcome: Macro 4: Explain the sources of productivity growthAACSB: Reflective Thinking81) Some economists argue that the productivity slowdown of the mid-1970s to the mid-1990s wasdue to changes in oil prices that81)Diff: 1Page Ref: 724-725/350-351Topic: The Productivity Slowdown of 1973-1994Learning Outcome: Macro 4: Explain the sources of productivity growthAACSB: Reflective Thinking82) Given the fact that the productivity slowdown of the mid-1970s to the mid-1990s affected allindustrial countries, which of the following explanations for the productivity slowdown in theUnited States isnotlikely to be correct?82)Diff: 2Page Ref: 724-725/350-351Topic: The Productivity Slowdown of 1973-1994Learning Outcome: Macro 4: Explain the sources of productivity growthAACSB: Reflective Thinking24
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