The result can be slack in the system as workers wait around unpaid until there is enough work.
Are we really to believe that the athletic administrators at Ohio State, one of the largest athletic departments in the country, would be slack in educating their student-athletes about NCAA infractions?
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So when demand for labour rises, there will be less slack in the system to meet it.
There may be shortages in some sectors, such as electricity generation, but there is still much slack to be taken up in the rest of the economy.
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There was plenty of slack to be found in a game full of oddities.
Well, the answer to that depended largely on whether Q (real output) was pretty much maxed out, meaning running at or near full employment of labor and other resources, or whether there was significant slack in the economy that might be taken up by greater spending.
More recently, some economists have estimated that in our current slack economy, the multiplier might be over two.
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Google will need to offer this soon to be truly competitive in the enterprise, or some third-party vendor will need to pick up the slack.
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The Tax Court did not allow the Patels to be hit with an accuracy related penalty, but I would not count on the Court cutting the same slack in the future.
In turn, the government is betting that with the Chinese and Indians especially keen to lock in access to hydrocarbon reserves wherever they can, any investment slack from the IOCs will be picked up by its Asian partners.
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"Marriage is one of those entities that you have to know going in, it will be hard, but you're not alone, " says Dr. Rozario Slack, speaking to an audience at a couples graduation.
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