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One plausible explanation of the U.S. productivity slowdown starting in 1973 is that it is an artifact of mismeasurement. This explanation would require that production of
Commercial Paper
A short-term unsecured debt instrument issued by corporations, typically for financing accounts receivable and inventories.
Simple Interest
Interest earned or paid on the original principal amount alone, without compounding.
Buyer
A person or entity that purchases goods or services.
T-bill
Treasury bill, a short-term government security with a maturity of less than one year, used to finance the national debt.
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