While people are making necessary but costly labor adjustments,output and employment will be higher than normal.

Name: While people are making necessary but costly labor adjustments,output and employment will be higher than normal.
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Question

Quizplus · Accepted Answer

When labor adjustments are costly, it typically indicates that there is a decrease in productivity or a need to restructure the workforce, which can lead to temporary decreases in output and employment until the adjustments are fully implemented.

While People Are Making Necessary but Costly Labor Adjustments,output and Employment