Word: totally
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Dates: during 1970-1979
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...profits have been so enticing that New York City's Rockefeller Center Inc., intends to join other developers in building two office towers near by at a total cost of $70 million. The 20,000-seat Joe Louis sports and convention arena, also on the river bank, is near completion. Luxury apartments are scheduled to be built on an adjacent 35-acre plot, and some 70 large construction projects are being developed for the rest of the downtown area. Indeed, downtown apartments are in such demand that they have become scarce and rents are rising...
...that should happen, the implications would be nearly disastrous. Productivity is the key both to raising living standards and to controlling inflation. If each worker produces more, then total output will grow rapidly and employers can raise wages without jacking up prices; the rise in output per employee will offset the higher costs. If productivity is flat, almost every dollar of wage gains is translated into price boosts. Over the decades, price rises have closely followed increases in employers' unit labor costs?that is, wage gains minus productivity...
...productivity been so sluggish? Groping for explanations, economists cite a variety of possible factors, from drug abuse to the doctrines of John Maynard Keynes?which, some contend, led policymakers to pay too much attention to manipulation of total demand in the economy and too little to productivity...
...captains Glenn Fine and Bob Hooft played their customary prominent roles, pumping home 18 points apiece. Fine, whose six assists was the highest total on either side, shot a scorching 73 per cent from the field...
...team dumped its two opponents by perfect 5-0 scores, losing a total of only four games and winning 30. The B team sailed by Brown...