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Edward C. Prescott quote: In the Great Depression, employment was not low because investment...
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  • In the Great Depression, employment was not low because investment was low. Employment and investment were low because labor market institutions and industrial policies changed in a way that lowered normal employment.

    Edward C. Prescott
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In the Great Depression, employment was not low because investment was low. Employment and investment were low because labor market institutions and industrial policies changed in a way that lowered normal employment. - Edward C. Prescott
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