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48-Under what conditions would we expect to find the greatest growth of output and employment in a specific industry? A-high productivity growth, price-elastic product demand,
48-Under what conditions would we expect to find the greatest growth of output and employment in a specific industry? A-high productivity growth, price-elastic product demand, income-elastic product demand B-high productivity growth, price-elastic product demand, income-inelastic product demand C-low productivity growth, price-inelastic product demand, income-inelastic product demand D-high productivity growth, price-inelastic product demand, income-elastic product demand 49-The resurgence of U.S. productivity growth in the last half of the 1990s A-corresponded to a resurgence in the growth of real compensation per hour. B-contributed to rising inflationary pressures. C-was unaccompanied by rising real compensation per hour. D-contributed to the rising unemployment rate at the beginning of the new millennium 50-Empirical studies of the productivity of public capital indicate A-a consensus that public capital is approximately half as productive as private capital. B-a consensus that public capital is approximately twice as productive as private capital. C-high productivity when using national data, but low productivity using state and regional data. D-high productivity when using state and regional data, but low productivity using national data
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