Slow Growth in US Incomes During the 1970s and 1980s

question 54

Multiple Choice

Slow growth in US incomes during the 1970s and 1980s was primarily due to

• A)slow productivity growth in the US.
• B)increased competition from Japan.
• C)increased competition from European countries.
• D)a rapid decrease in the quantity of money in the economy.

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Definitions:

Avoidance Motivation

A psychological behavior aimed at avoiding unpleasant outcomes, tasks, or situations, often driven by fear or anxiety about potential negative consequences.

Safety And Security

The state of being protected from harm or other non-desirable outcomes. It encompasses both physical safety and psychological security.

Property

Legally recognized rights and interests in objects, land, or intellectual creations, signifying ownership or possession.

Free Will

The concept that humans have the capability to make choices that are not predestined by past events, genetics, or current environmental factors.