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In 2023/2024, almost 200,000 migrants have moved to NYC. For arguments sake let's assume the same percentage of refugees work as the existing population (L/N
In 2023/2024, almost 200,000 migrants have moved to NYC. 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 NYC: Y: A/ (Increase/Decrease) Y/L: A/ (Increase/Decrease/No Change) K/L: A/ (Increase/Decrease) Returns to Capital: A/ (Increase/Decrease/No Change)
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