The Bureau of Labor Statistics (BLS) tracks the numbers of workers who are employed part-time for economic
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The Bureau of Labor Statistics (BLS) tracks the numbers of workers who are employed part-time for economic reasons. The number typically increases sharply at the beginnings of recessions and gradually declines at the ends of recessions. Is this behavior consistent with the real business cycle model? How do these workers help explain labor hoarding?
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The cyclical pattern observed in the count of parttime workers attributable to economic motives resonates with fluctuations characterizing the real bu...View the full answer
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