The Argument That Rising Energy Prices Caused the Decline in U.S.productivity

question 207

Multiple Choice

The argument that rising energy prices caused the decline in U.S.productivity in the 1970s is made less believable due to the

• A)falling level of saving in the 1970s.
• B)falling level of energy prices in the 1980s.
• C)rising level of energy prices in the 1980s.
• D)rising level of energy prices in the 1990s.

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Definitions:

Stock Price

The cost of purchasing one share of a company's stock.

Investment Activity

Transactions involving the purchase and sale of long-term assets and other investments not generally considered cash equivalents or traded in active markets.

Cash Flow

The gross amount of cash moving in and out of a commercial venture, significantly altering its liquidity status.