Question
Suppose the economy is in long-run equilibrium. In a short span of time, there is a large influx of skilled immigrants, a major new discovery
Suppose the economy is in long-run equilibrium. In a short span of time, there is a large
influx of skilled immigrants, a major new discovery of oil, and a major new technological
advance leading to cheaper electricity use for production sector. In the short run and in the long run, what would we expect to happen?
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International Business
Authors: John Daniels, Lee Radebaugh, Daniel Sullivan
16th edition
134200055, 978-0134201542, 013420154X, 978-0134200057
