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Business, 23.01.2020 22:31 sangamlama

In an economy with flexible prices, competitive factor markets and fixed supplies of the factors of production, graphically illustrate the impact of a change in immigration policy in a country that permits a huge influx of foreign workers into the labor market, ceteris paribus. be sure to label: i. the axes; ii. the curves; iii. the initial equilibrium values; iv. the direction the curve's shift; and v. the terminal equilibrium values. explain in words how the equilibrium values of labor, the real wage, saving, investment, and the real interest rate change. [

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