According to the Organization for Economic Cooperation and Development (OECD), labor productivity increased and unemployment also increased
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According to the Organization for Economic Cooperation and Development (OECD), labor productivity increased and unemployment also increased in Australia from 2013 to 2014. Explain why an increase in labor productivity and an increase in unemployment are not likely to coincide in the long run. Can you think of any explanation for these changes to simultaneously occur in the long run?
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An increase in labor productivity and an increase in unemployment are not likely to coincide in the long run due to the typical relationship between t...View the full answer
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Related Book For 
Mylab Economics With Pearson Access Code For Principles Of Microeconomics
ISBN: 9780135197141,9780135197103
13th Edition
Authors: Karl E. Case; Ray C. Fair; Sharon E. Oster
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