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

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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