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One Plausible Explanation of the Canadian Productivity Slowdown Starting in 1973

Question 44

Multiple Choice

One plausible explanation of the Canadian productivity slowdown starting in 1973 is that it was a result of the increase in the relative price of energy.This explanation would require that,in light of higher energy costs,the


A) capital stock is overestimated.
B) capital stock is underestimated.
C) labour force is overestimated.
D) labour force is underestimated.
E) capital stock and the labour force were overestimated.

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