The Decline in the Rate of Growth of Labor Productivity

question 5

Multiple Choice

The decline in the rate of growth of labor productivity that the United States suffered in the 1970s has been blamed at least partially on

• A) the oil price shocks of 1973 and 1979.
• B) a reduction in the level of expenditure by business on research and development.
• C) a reduction in expenditure by business on fixed, nonresidential investment.
• D) the increased expense involved in complying with environmental regulations.
• E) a and d.

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Definitions:

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The consumption of alcohol in a manner or quantity that leads to harm to one’s health, social, or economic functioning.

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A critical situation resulting from excessive alcohol consumption, necessitating immediate medical attention.