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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Average labor productivity tends to be a coincident variable. Examine Figure 3.16 carefully. During the 1991–1992, 2001, and 2008–2009 recessions, how do you observe average labor productivity behaving relative to GDP? Comment on this, and explain what this has to do with the Macroeconomics in Action box on jobless recoveries.
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