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Several firms in an industry laid off their workers. Assuming all else equal, this will lead to a ________.
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Several firms in an industry laid off their workers. Assuming all else equal, this will lead to a ________.
Several firms in an industry laid off their workers. Assuming all else equal, this will lead to a ________.
▸ higher rate of capacity utilization in the industry
▸ higher real wage in the industry
▸ lower rate of capacity utilization in the industry
▸ higher rate of output in the industry
Textbook
Macroeconomics
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3
rd
Authors:
Acemoglu, Laibson, List
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