What affects human productivity? Does public policy affect the availability of resources people need to be productive? How? Give an example of a public policy you think either inhibits or promotes long run productivity growth.
I think many factors affect human productivity, the ability to be provided the correct tools to do the job, education of the workers, technological knowledge, and natural resources to name a few. I am much more productive in my academic studies when I have a computer, the support of a good teacher, and a good place to study. Public policy does affect the availability of resources for people to be productive. For example, support for technological advancements and knowledge can create a better environment for productivity, and allow for the economy to keep thriving to achieve long term growth. I think a good example of public policy that promotes long-run productivity growth is cutting mortgage interest rates. I think this promotes long-run productivity because ideally, it helps families into homes, therefore creating stability, and achieving the ultimate goal of long term growth.
Principles of Macroeconomics Spring 2020 