Imagine that new inventions in the computer industry affect the growth rate of productivity as follows: Would

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Imagine that new inventions in the computer industry affect the growth rate of productivity as follows:

Would such a pattern help explain U.S. productivity performance since the mid-1970s?Why?

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Macroeconomics Principles And Policy

ISBN: 9780324586213

11th Edition

Authors: William J. Baumol, Alan S. Blinder

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Question Posted: Sep 01, 2012 02:45 AM

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Imagine that new inventions in the computer industry affect the growth rate of productivity as follows: Would

Question:

Year of Following 5YerYears 20 Years Later InventionYear 0% Later +2% Later +4% 1% 0%

Step by Step Answer:

Yes this would fit the pattern of US productivity growth since the mid1970s Development of new ...View the full answer

Macroeconomics Principles And Policy

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