During arecession, some people drop out of the labour force. On the otherhand, some retired peoplere-enter the job market.

a. Why might retired nurses reenter the job market during arecession? (Check all that apply.)

A. The income generated from investments undertaken to support retirement may be declining.

B. Confidence in the solvency of the public retirement income system may be negatively impacted.

C. Family members(spouses, adultchildren) may experience economicdistress, inducing a reentry aimed at bolstering family(immediate andextended) incomes.

D. Recession-induced, stress-related illnesses mayincrease, necessitating a need for more nurses.

b. Assume that retired people look for a job in the hospitality industry.

the equilibrium real wage for nurses will ______ and the impact on employment is ________.

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