Question: Based on your knowledge of Chapter 1 3 ( Some business cycle facts ) the business cycle reflects: Question 1 4 options: Changes in labour's
Based on your knowledge of Chapter Some business cycle facts the business cycle reflects:
Question options:
Changes in labour's input, which can be considered as a demand shocks
Changes in productivity, which can be considered as supply shocks
Changes in the labour force participation rate
Changes in both labour's input and productivity
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