Multiple Choice
One difficulty with any explanation of economic fluctuations based on a shift in labor supply is that
A) workers' preferences tend to change very quickly
B) labor supply shifts all the time without causing recessions or expansions
C) labor supply is difficult to measure
D) workers' preferences tend to change very slowly
E) the unemployment rate changes during economic fluctuations
Correct Answer:
Verified
Correct Answer:
Verified
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