A Slowdown in the United States' Rate of Increase in Productivity

question 1

Multiple Choice

A slowdown in the United States' rate of increase in productivity is of concern to policy makers because it

• A) reduces our dependency on imports.
• B) may contribute to a higher rate of inflation.
• C) shifts the Phillips curve downward to the left.
• D) forces interest rates too low.
• E) makes foreign producers less competitive.

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Definitions:

Conventional morality

A stage in moral development where individuals conform to societal norms and laws, often to uphold authority and maintain social order.

Kohlberg

A theorist known for his work on the development of moral reasoning in individuals, categorizing this development into stages.

Preindustrial societies

Societies characterized by an economy based on agriculture, with limited technological development and a predominance of subsistence farming.

Kohlberg's dilemmas

Moral dilemmas used by Lawrence Kohlberg in his research to study moral reasoning and the development of moral judgment across different stages of human life.