3. If immigration increases the labor force in an economy described by a CobbDouglas production function, the

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3. If immigration increases the labor force in an economy described by a Cobb–Douglas production function, the wage and the rental price of capital

a. increases, increases

b. increases, decreases

c. decreases, increases

d. decreases, decreases

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Macroeconomics

ISBN: 9781319263904

11th Edition

Authors: N. Gregory Mankiw

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Question Posted: Sep 30, 2024 08:00 AM

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3. If immigration increases the labor force in an economy described by a CobbDouglas production function, the

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Macroeconomics

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