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During a severe economic shock that forced many businesses to close temporarily, a government chose to pay 80% of the wages for workers to keep them on their employers' payrolls, rather than providing enhanced benefits to those laid off. Which of the following represents the most significant economic trade-off of this job retention policy?
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During a severe economic shock that forced many businesses to close temporarily, a government chose to pay 80% of the wages for workers to keep them on their employers' payrolls, rather than providing enhanced benefits to those laid off. Which of the following represents the most significant economic trade-off of this job retention policy?
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