This is a preview. Log in through your library . Abstract Recessions appear to be times when the marginal rate of substitution between goods and workers’ time falls below the marginal product of labor ...
Journal of the European Economic Association, Vol. 4, No. 2/3, Papers and Proceedings of the Twentieth Annual Congress of the European Economic Association (Apr. - May, 2006), pp. 644-655 (12 pages) ...
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