In recent decades, college tuition costs have risen more rapidly than the general price level, even though

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In recent decades, college tuition costs have risen more rapidly than the general price level, even though the wages of college professors have failed to keep pace with the price level. Can you explain why?

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Economics Principles and Policy

ISBN: 978-0538453653

12th edition

Authors: William J. Baumol, Alan S. Blinder

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Question Posted: Apr 12, 2016 07:17 AM

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In recent decades, college tuition costs have risen more rapidly than the general price level, even though

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College tuition fees have risen because the productivity of faculty membersm...View the full answer

Economics Principles and Policy

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