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Author Question: Which of the following caused the productivity problem of the 1970s in the U.S.? (Read 25 times)

ssal

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on: Apr 19, 2019

Question 1

Higher energy prices in the 1970s reduced labor productivity because


◦ energy and capital are substitute inputs.
◦ the rise in energy prices tended to push firms away from labor-intensive measures and toward more capital-intensive techniques.
◦ a great deal of investment went into transforming the existing capital stock into more energy-efficient forms.
◦ labor productivity has been lower when used with more capital-intensive techniques.

Question 2

Which of the following caused the productivity problem of the 1970s in the U.S.?


◦ low saving rate
◦ increased governmental regulations
◦ low spending on research and development
◦ All of these
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by ssal on Apr 19, 2019

sultansheikh

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ssal

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

robbielu01

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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