Macroeconomic

Suppose that the United States cracks down on Real wage rate (2012 dollars per hour) illegal immigrants and returns millions of 80- workers to their home countries. 70- Draw a labor supply curve and a labor demand curve for the United States. Label the curves 60- LSo and LDo- Draw a point to show the equilibrium quantity of 50- labor and the equilibrium real wage rate. Label it 1 . 40- Now suppose the United States returns millions of illegal immigrant workers to their home 30- countries. Draw and label a curve that shows the effect of 20- ..... this return of workers. Draw a point to show the new equilibrium 10- quantity of labor and the equilibrium real wage rate. Label it 2. 100 200 300 400 500 Labor (billions of hours per year) > >> Draw only the objects specified in the