As the economy starts to expand, labor productivity rises as firms start using any excess labor they kept during the recession.

Name: As the economy starts to expand, labor productivity rises as firms start using any excess labor they kept during the recession.
Brand: Quizplus
Rating: 4.9 (45 reviews)

Question

Quizplus · Accepted Answer

During a recession, firms may lay off workers and reduce their workforce. As the economy starts to expand, firms start using any excess labor they kept during the recession, which leads to an increase in labor productivity.

As the Economy Starts to Expand, Labor Productivity Rises as Firms