In which country? England --> It led to liberal reform acts and improved the economy.
Answer:
Let the price of labor increase.
Explanation:
An unregulated market is also termed as a free market economy. Here, the government does not interfere in the business of supply and demand. Resources are determine by the authority without any government intervention.
In order to cure the labor shortage in an unregulated market when there is no immigrants for labor supply, the prices of the labor may be increased. In doing so it will affect the supply and demand of labor. As the labor price will increase, the supply of labor will also increase as now more and more labor wants to work in order to get a high wage.
So increasing the price of the labor will cure for the labor shortage.
The James-Lange Theory of Emotion
The James-Lange theory is one of the best-known examples of a physiological theory of emotion. Independently proposed by psychologist William James and physiologist Carl Lange, the James-Lange theory of emotion suggests that emotions occur as a result of physiological reactions to events.
