Bursting stock market bubbles create labor adjustment costs.

Name: Bursting stock market bubbles create labor adjustment costs.
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Question

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When a stock market bubble bursts, there is often a significant impact on the economy and businesses, leading to layoffs and job loss. This creates labor adjustment costs, as workers need to find new employment or undergo training or education to transition to different industries.

Bursting Stock Market Bubbles Create Labor Adjustment Costs