Some Economists Argue That the Productivity Slowdown from Mid-1970s to Mid-1990s

question 29

Multiple Choice

Some economists argue that the productivity slowdown from mid-1970s to mid-1990s actually didn't happen,but just "appeared" to happen because

• A)services were becoming a more important part of the economy,and it was hard to measure increases of output from services.
• B)new environmental laws had passed and forced firms to spend to reduce pollution,and this spending did not raise output.
• C)increased spending on health and safety raised worker productivity.
• D)A and B
• E)B and C

Comprehend the concept of present value and how it can be determined for future cash flows.

Understand the impact of changes in the equilibrium interest rate on the economy, including output and investment allocation.

Identify and calculate the real interest rate from given nominal rates and inflation rates.

Grasp the relationship between nominal, real interest rates, and inflation.

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Definitions:

Pure-bred

Animals or plants that are of a recognized breed or variety and have documented pedigree consisting of the same breed over many generations.

Pink Rose

A variety of rose characterized by its pink-colored petals, often symbolizing gratitude, appreciation, and admiration.

Heterozygous

Having a pair of unlike alleles for a particular locus. Compare with homozygous.

Dominant

Referring to a trait that is expressed in the phenotype even when only one allele is present.