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5 options: In 2015, several million refugees fled Syria and moved to Germany. For arguments sake let's assume the same percentage of refugees work as
5 options: In 2015, several million refugees fled Syria and moved to Germany. For arguments sake let's assume the same percentage of refugees work as the existing population (L/N is unchanged). Assuming all else is fixed (no change in K or A), what will the immediate impact be on the following for Germany: Y: (Increase/Decrease) Y/L: (Increase/Decrease/No Change) K/L: (Increase/Decrease) Returns to Capital: (Increase/Decrease/No Change)
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