Since 1996

question 26

Multiple Choice

Since 1996,

• A)U.S. productivity growth skyrocketed, at least intitially, as more computers were installed
• B)the computer sector has grown faster than the U.S. economy as a whole
• C)spending on computers has been approximately constant as a fraction of total U.S. investment spending
• D)the contribution of computers to U.S. productivity growth has been negative
• E)computing technology did not improve enough to have a measurable impact on U.S. productivity

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Definitions:

Upper Reservoir

An upper reservoir typically refers to the higher storage area in a pumped-storage hydroelectric plant where water is stored during low demand and released to generate electricity when demand is high.

Price Floor

The minimum legal price set by the government that a product can be sold for.

Minimum Wages

The lowest legally permissible amount that workers can be paid for their labor, set by government laws.

Rent Controls

Government-imposed limits on the amount landlords can charge for leasing apartments or houses, aiming to make housing more affordable.