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ellie425 ellie425
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2 months ago
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

Macroeconomics


Edition: 3rd
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aliwchamounaliwchamoun
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lower rate of capacity utilization in the industry
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ellie425 Author
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Thanks for your help!!
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Just got PERFECT on my quiz
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Thank you, thank you, thank you!
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