An increase in the labor force. Shocks to an economy, such as wars, famines, or the unifi
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An increase in the labor force. Shocks to an economy, such as wars, famines, or the unifi cation of two economies, often generate large fl ows of workers across borders. What are the short-run and longrun effects on an economy of a one-time permanent increase in the stock of labor? Examine this question in the context of the Solow model with g = 0 and n 7 0.
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Introduction To Economic Growth
ISBN: 9780393919172
3rd Edition
Authors: Charles I. Jones, Dietrich Vollrath
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