Slow Growth in US Incomes During the 1970s and 1980s

question 54

Multiple Choice

Slow growth in US incomes during the 1970s and 1980s was primarily due to

• A)slow productivity growth in the US.
• B)increased competition from Japan.
• C)increased competition from European countries.
• D)a rapid decrease in the quantity of money in the economy.

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Definitions:

Cash Paid

Money that a company spends during a period for operating activities, investments, and financing activities, excluding non-cash transactions.

Dividends to Stockholders

Payments made to shareholders out of a corporation's profits as a reward for investing in its shares.

Cash Paid for Wages

The amount of money disbursed by a company to its employees as compensation for labor.