Question
Asked Sep 1, 2019
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Which of the following factors played the biggest role in the slow growth of average incomes in the United States during the 1970s and 1980s?
Disinflation of the dollar
 
Slow growth in productivity
 
Increased competition from India
 
Increased competition from Japan
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Expert Answer

Step 1

In US during the period of 1970s to 1980s, the quick increase in oil price as a result it cause stagflation in the economy and it slowed down the labor productivity. This influences ...

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