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Randy always turns in reports with punctuation errors. The reports of the three other employees on the QA report writing team always produce grammatically clean reports. Randy is about to turn in another report, and his manager has already noticed errors. Randy demonstrates ________. His sloppy reports can be attributed to an ________ cause.
Prices
The amount of money required to purchase goods or services, representing the value placed on those items.
Wages
Payments made to employees for their labor, typically calculated on an hourly, daily, or piece rate basis, as compensation for work performed.
Recognition Lag
The time delay between when an economic problem or trend occurs and when it is recognized by policymakers or economists.
Recession
A period of significant decline in economic activity across the economy, lasting more than a few months, typically visible in GDP, income, employment, and trade.
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