The Increase in Productivity That Has Occurred in the U

question 75

Multiple Choice

The increase in productivity that has occurred in the U.S.economy since the mid-1990s is mainly a result of

• A)less government spending.
• B)an increase in the rate of growth of technology.
• C)more government spending.
• D)an increase in the rate of growth of the labor force.
• E)an increase in the rate of growth of the capital stock.

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Definitions:

Sherman Antitrust Act

A landmark 1890 U.S. legislation aimed at regulating competition among enterprises, preventing monopolies, and promoting fair business practices.

Cross-Border Mergers

Mergers involving companies headquartered in different countries with the aim of expanding market reach, efficiency or capabilities.

Sherman Act

An 1890 United States antitrust law aimed at preserving competitive markets by prohibiting monopolies, cartels, and other forms of collusion that restrict trade.

Federal Economic Policies

Strategies implemented by a government to manage its economy, involving decisions on taxation, government spending, and monetary supply.