Which of the following is the reason behind the slow growth in U.S. incomes during the 1970s and 1980s? Minimum wage laws were not in place to protect the livelihoods of workers. There was a slowdown in productivity growth. Labor unions were relatively weak. The United States experienced an increase in competition from abroad.

Which of the following is the reason behind the slow growth in U.S. incomes during the 1970s and 1980s? Minimum wage laws were not in place to protect the livelihoods of workers. There was a slowdown in productivity growth. Labor unions were relatively weak. The United States experienced an increase in competition from abroad.

Macroeconomics: Principles and Policy (MindTap Course List)

13th Edition

ISBN:9781305280601

Author:William J. Baumol, Alan S. Blinder

Publisher:William J. Baumol, Alan S. Blinder

Chapter4: Supply And Demand: An Initial Look

Section: Chapter Questions

Problem 7DQ

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