Productivity often rises during economic expansions and falls during economic recessions. Can you think of reasons why?

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Productivity often rises during economic expansions and falls during economic recessions. Can you think of reasons why?

Briefly explain. (Hint: Remember that the level of productivity involves both levels of output and levels of labor input.)

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Economics

ISBN: 9780073336947

17th Edition

Authors: Campbell McConnell , Stanley Brue

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