Even though recessions cause hardships for the unemployed and the
A) higher unemployment provides politicians a reason for prolonging deficit reduction measures.
B) firms have greater incentive to produce output since people have less than they want.
C) workers have less necessity to increase productivity since demand has fallen off.
D) firms have greater incentive to increase job creation since fewer people have jobs.
E) recessions serve as a catalyst to expand modern plants and close down outdated ones.
Correct Answer:
Verified
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