Suppose that tougher immigration laws reduce the working-age population. In the long-run (after the adjustment of P
Question:
A Y declines, and r and P rise
B Y is unchanged, and r and P rise
C Y declines, r is unchanged and P rises
D Y, r and P rise
Please explain your answer.
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A Y declines and r and P rise Reason Due to the lesser ...View the full answer
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