Author Question: According to supply-side advocates, the increase in government regulatory activity in the late 1960s ... (Read 144 times)

anjilletteb · **on:** Jun 30, 2018

According to supply-side advocates, the increase in government regulatory activity in the late 1960s slowed economic growth

a. by increasing the cost of producing a given output.
b. by requiring capital formation that contributes to increased productivity in terms of measured output.
c. only temporarily until there was an adequate adjustment period.
d. Both a and b

Question 2

A decrease in the demand for unskilled and skilled labor was a secondary effect of the productive use of fractional horsepower and internal combustion engines.

Indicate whether the statement is true or false