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Exhibit 8-1 -Refer to Exhibit 8-2.Based on the Given Change,what Word (Rises

question 55

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Exhibit 8-1 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? A) rises;rises B) falls;falls C) rises;falls D) falls;rises
-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?


Definitions:

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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