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The figure describes the effect of immigration on unemployment in the labour market. The labour market equilibrium is at A and C before and after the influx of immigration, respectively. Based on this figure, which of the following statements is correct?
Ceteris paribus, in which of the following cases would the wage-setting curve shift up?
The figure depicts the labour market model, which is currently at point X. In which of the following cases would the employment rate rise?
The figure shows the wage-setting curve and the real wage w*. Which of the following statements is correct?
You are given the following information for a country: Participation rate = 75%, Unemployment rate = 10%, Employment rate = 67.5% and Number of employed = 27 million. Based on this information, which of the following is correct?
Consider an economy with firms selling differentiated products, where the only input to production is labour. Which of the following statements is correct?
In modelling the US’s transition from high inflation in the 1970s to low inflation at the end of the 1980s:
Which of the following statements regarding fiscal policy is correct?
What can be the policy solution for a negative demand shock?
Which, if any, of the following statements are true?
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