Productivity appears to be

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Reference no: EM131099442

Productivity appears to be:

A. procyclical; firms are reluctant to lay off workers in a recession, so output falls more than employment

b. procyclical; firms are quick to lay off workers in a recession, so employment falls more than output

c. countercyclical; firms are reluctant to lay off workers in a recession, so output falls more than employment

d.countercyclical; firms are quick to lay off workers in a recession, so employment falls more than output

Reference no: EM131099442

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