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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