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Firms adjust their employment to changes in output. But they tend to adjust it only partially. Typically, labor is … constraints increase the sensitivity of employment to fluctuations in output considerably. When output changes, financially …
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replaced the United States UE with employment (EM) for the years 1977 to 2021 and examined how employment changed relative to … "jobless recovery" is that employment should not increase more rapidly than the real economy. …
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Small and young businesses are essential for job creation, innovation, and economic growth. Even most of the superstar firms start their business life small and then grow over time. Small firms have less internal resources, which makes them more fragile and sensitive to macroeconomic conditions....
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