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Business, 14.06.2021 15:10 Lilbre4676

When an economy goes into recession, firms decrease output before they start laying off workers. When the economy starts to recover, firms increase output before they start rehiring workers. This behavior makes labor productivity:.a. remain constant when recession starts and then rise when recovery starts. b. rise when recession starts and fall when recovery starts. c. rise when recession starts and rise faster when recovery starts. d. fall when recession starts and rise when recovery starts.

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When an economy goes into recession, firms decrease output before they start laying off workers. Whe...

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