A Logical Explanation for Recessions Might Be That Households Have

question 23

Multiple Choice

A logical explanation for recessions might be that households have suddenly altered their willingness to work.A problem with this explanation is

• A) it is inconsistent with patterns of job searches during recessions
• B) the demand for labor rarely shifts
• C) the large number of women who entered the labor force in the last four decades
• D) it is inconsistent with the classical model
• E) the work ethic that is responsible for the decline in American vacations.

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