Between 1968 and 1980, the US economy experienced a slowdown inproductivity grow

Question

Between 1968 and 1980, the US economy experienced a slowdown inproductivity growth. However, since the mid 1980s, the economy hasexperienced increases in the growth rate in productivity. Can yougive reasons why US productivity growth started to increase duringthe late 1980s and continued throughout the decade of the1990s?
Between 1968 and 1980, the US economy experienced a slowdown inproductivity growth. However, since the mid 1980s, the economy hasexperienced increases in the growth rate in productivity. Can yougive reasons why US productivity growth started to increase duringthe late 1980s and continued throughout the decade of the1990s?

Explanation / Answer

Four reasons: 1. Sound money as the Fed stopped inflating the money supply. 2. Lower taxes 3. Microchip technology 4. Easier worldwide capital flows.

Related Questions

Navigate

• Browse (All)
• Browse B
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.