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Quote by Edward C. Prescott

“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.”

Quote by Edward C. Prescott

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Edward C. Prescott
Edward C. Prescott

Edward C. Prescott is a renowned economist born on December 26, 1940. He has made significant contributions to the field of economics, particularly in macroeconomics and growth theory. more

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