Productivity fluctuates over the business cycle, tending to fall during expansions and rise during contractions.
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Q264: Suppose that output in an economy is
Q265: Suppose that output in an economy is
Q266: As the economy starts to contract, labor
Q267: Suppose that output in an economy is
Q268: Suppose that output in an economy is
Q270: The amount of output produced by an
Q271: The government increases the corporate profits tax.
Q272: The amount of output produced by an
Q273: Labor productivity will decrease if a firm
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Q274: The government reduces the corporate profits tax.
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