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Exhibit 8-1
-Refer to Exhibit 8-2.Based on the given change,what word (rises or falls) should go in blank (1) and blank (2) ,respectively,to summarize the resulting impact on short run equilibrium?
Immigration
The action of coming to live permanently in a foreign country.
Wage Increases
The act of raising the amount of money that employees are paid for their labor, typically as a result of negotiations or economic conditions.
Low-Skilled Labor
Jobs or workers that require minimal specialized skills, training, or education, often characterized by low wages.
Foreign Direct Investment
Investment by a company or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets.
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