Measured Productivity Growth for the United States Declined Following the Great

question 128

Multiple Choice

Measured productivity growth for the United States declined following the Great Recession. Which of the following explanations for that phenomenon suggests that measured productivity has failed
To account for actual gains?

• A) high debt levels, accumulated prior to the Great Recession
• B) creation of new products that are essentially free to consumers
• C) overcapacity of firms, implying a greater ability to produce than is currently measured
• D) stalled technological progress that has encouraged greater consumption of leisure activities

---

Definitions:

Package Sizes

The various dimensions and volumes in which products are packaged and sold, affecting consumer choice and usage.

Weber's Law

A principle in psychology that states the smallest change in a stimulus that can be detected is a constant proportion of the stimulus level.

Guerilla Marketing

An unconventional marketing strategy intended to get maximum results from minimal resources by creating engaging, surprising interactions.

Stealth Marketing

Marketing activities that aim to advertise products to people without them realizing they are being marketed to.