Multiple Choice
Incomes of U.S.households in the 1970s and 1980s
A) grew rapidly,due to the widespread success of labor unions in pushing up wages during those decades.
B) grew rapidly,due to several increases in the minimum wage during those decades.
C) grew rapidly,due to government policies that discouraged the importation of foreign products during those decades.
D) grew slowly,due to slow growth of the output of goods and services per hour of U.S.workers' time during those decades.
Correct Answer:

Verified
Correct Answer:
Verified
Q27: The business cycle is measured by the<br>A)production
Q28: The tradeoff between inflation and unemployment<br>A)implies that
Q29: To increase living standards,public policy should<br>A)ensure that
Q30: The fact that different countries experience different
Q31: The combination of President Obama's strategies and
Q33: The historical rise in living standards of
Q34: A worker in Vietnam can earn $6
Q35: The term "productivity"<br>A)means the same thing as
Q36: The increase in living standards of American
Q97: The slow growth of U.S. incomes during