Between 1973 and 1995,what Changes Occurred in the Labor Force

question 27

Multiple Choice

Between 1973 and 1995,what changes occurred in the labor force and the capital stock that caused a productivity slowdown?

• A)The growth of the capital stock and the growth of labor hours increased.
• B)The growth of the capital stock and the growth of labor hours slowed.
• C)The growth of the capital increased slowed and the growth of labor hours slowed.
• D)The growth of the capital stock slowed and the growth of labor hours increased.

---

Definitions:

Marginal Propensity

The proportion of an additional amount of income that is used for consumer spending. It's a key concept in understanding how income changes affect spending.

Tax Rebate

A refund to taxpayers when the amount of taxes paid is greater than the amount of tax owed.

Consume

To consume means to use up goods or services for personal needs or interests, playing a role in the economy through the demand for products and services.

Discretionary Fiscal Policy

Government policy actions, like changing tax rates and spending levels, aimed at influencing economic activity based on current conditions.