Productivity growth in both 1990 and 1991 was 0.7 percent; in 1992 it rose to 3.4 percent.

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Productivity growth in both 1990 and 1991 was 0.7 percent; in 1992 it rose to 3.4 percent.

Can you think of a possible explanation for this abrupt change? (Hint: A recession occurred in 1990–1991.)

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Contemporary Labor Economics

ISBN: 9780073375953

9th Edition

Authors: Campbell McConnell, Stanley Brue, David Macpherson

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