Question
1.Suppose that a wave of immigration increases the labor force.Illustrate and explain the impact on the real wage, the real rental price of capital, employment,
1.Suppose that a wave of immigration increases the labor force.Illustrate and explain the impact on the real wage, the real rental price of capital, employment, and unemployment if:
a.The labor market is always in equilibrium.
The unions prevent real wages from falling
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Managing in a Global Economy Demystifying International Macroeconomics
Authors: John E. Marthinsen
2nd edition
128505542X, 978-1305176157, 1305176154, 978-1285055428
