The high cost of reversing job decisions can lead to unemployment,just as the costs of reversing investment can cause investors to invest more.
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Q178: Because of intertemporal substitution,a real shock has
Q179: A medium-sized negative shock:
A) always produces a
Q180: Intertemporal substitution refers only to the substitution
Q181: Labor adjustment costs always lead to rational
Q182: Uncertainty can cause investors to wait for
Q184: Negative shocks also increase certainty,which is bad
Q185: Most people prefer parties at which all
Q186: A collateral shock can either increase or
Q187: Marriage is a kind of irreversible investment.
Q188: A negative shock to the economy,by remixing
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