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5 percent) Which variable, output or total hours worked (both procyclical), increases by a larger percentage in expansions and falls by a larger percentage in
- 5 percent) Which variable, output or total hours worked (both procyclical), increases by a larger percentage in expansions and falls by a larger percentage in recessions?
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Macroeconomics A European Perspective
Authors: Olivier Blanchard, Alessia Amighini, Francesco Giavazzi
4th Edition
1292360895, 9781292360898
