A logical explanation for recessions might be that households have suddenly altered their willingness to work.A problem with this explanation is
A) it is inconsistent with patterns of job searches during recessions
B) the demand for labor rarely shifts
C) the large number of women who entered the labor force in the last four decades
D) it is inconsistent with the classical model
E) the work ethic that is responsible for the decline in American vacations.
Correct Answer:
Verified
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