According to Gordon,which of the Following Is NOT a Plausible

question 24

Multiple Choice

According to Gordon,which of the following is NOT a plausible explanation for a decrease in the measured growth of capital per worker in the United States after 1973?

• A)higher inflation causes overtaxation and discourages saving
• B)increased labor force participation by women
• C)slower growth in the capital stock
• D)lower real wages in response to supply shocks in the 1970s

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Definitions:

Scarce Resources

Resources that are limited in availability, meaning they cannot meet all the demands placed on them.

Consenting Individuals

Persons who have given permission for something, especially in a legal or formal context.

Ideal Conditions

Circumstances or situations that are considered perfect or optimal for a certain process or experiment to occur.

Efficiency

The extent to which a process or intervention produces a desired effect or outcome with a minimum amount of waste, expense, or unnecessary effort.