In September 2018, The Wall Street Journal (WSJ) reported that a growing shortage of labor in Eastern

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In September 2018, The Wall Street Journal (WSJ) reported that a growing shortage of labor in Eastern European countries such as Hungary was driving up wages and reducing business income.

The reason for the shortages was a large migration of Eastern European workers to Western European countries. Use the simple immigration model to demonstrate the key elements of the WSJ story as just described. 

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Economics

ISBN: 9781264112272

22nd Edition

Authors: Campbell McConnell, Stanley Brue, Sean Flynn

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