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zlopas [31]
3 years ago
5

Immigration and inflation: Suppose a large number of new immigrants enter the labor market. Assume this increase in the supply o

f labor provides a drag on wage increases: wages rise by less than the prevailing rate of inflation over the next year. Use the short-run model to explain how the economy responds to this change. Jones, Charles I.. Macroeconomics (Fourth Edition) (p. 343). W. W. Norton
Business
1 answer:
7nadin3 [17]3 years ago
4 0

Answer:

See explanation below for answer.

Explanation:

When using the short run model, the capital stock is fixed and cannot adjust to changes in the demand for capital. We will be using the short run model to analyze the effect of immigration and inflation on the economy.

In an economy, the primary determinant of how immigration can affect wages and employment is the degree to which the workers who have newly arrived will replace or complement the existing workers.

The level of wages may drop in the short run for the kind of workers who can be easily replaced by immigrants, whereas the level of wages may rise for the workers whose expertise can be complemented by the new workers.

For instance, in a situation where foreign-born construction workers enter the labor market, thereby causing a decrease in construction workers’ wages. The firms will respond by employing more construction workers, and since additional first-line supervisors may be needed to supervise the activities of the expanded workforce, the demand and consequently, the wages of these complementary workers could increase.

Further, where the availability of low-skilled immigrants at lower wages allows businesses to expand, total employment will rise.

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Harlamova29_29 [7]

I believe the answer is:

High school athletes stop shopping there.


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6 0
3 years ago
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Anestetic [448]
The answer is B, which is weight of gold. I say this because money is used as a means of exchange, that is; it is used to get goods.
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3 years ago
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2 years ago
In the late 1800s, Cecil Rhodes took the money he made from renting water pumps to miners and used it to buy up the claims of sm
Nimfa-mama [501]

Answer: Entrepreneurial ability

Explanation:

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C. Entrepreneurial ability is the brain behind the business entity . In a business an entrepreneur is the person who collects capital, purchase land and maintains the operations.

D. Labor is the human capital invested in the business, that is, hiring of individuals for different types of operations.

Hence we can conclude that Cecil Rhodes played entrepreneurial ability.

7 0
3 years ago
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Tcecarenko [31]

Answer:

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Hope this Helps.

Goodluck.

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