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Chapter 9: Q.9.5 (page 189)

Evaluate whether the U.S. economy has entered a period of stagnant economic growth.

Short Answer

Expert verified

The U.S. economy has entered a period of stagnant economic growth.

Step by step solution

01

introduction

Stagnation means the time spans when there is practically no economic development. Lately, stagnation was seen in the world's most exceptional countries.

02

explanation

The primary drivers of stagnation are immaterial efficiency development coming about because of later advances, low development of capital and HR, negligible adjustments from human resources ventures, and development decreasing impact of administrative and administrative arrangements. The stale development rates in the U.S GDP demonstrate that the U.S economy has confronted stagnation.

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