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:

Illusion

A misperception or misinterpretation of a real external stimulus, often influenced by the individual's emotional state.

Fireworks Display

A public exhibition of fireworks, often organized to celebrate events or festivals, displaying elaborate colors and patterns in the sky.

Posttraumatic Stress Disorder

A psychological condition that arises after someone has experienced or seen a traumatic event, leading to persistent nightmares, flashbacks, and heightened anxiety.

Eustress

Positive, beneficial stress that motivates and focuses energy, often associated with agreeable or happy events.