Immigration Is an Important

question 417

Multiple Choice

Immigration is an important

• A)explanation for the failure of firms to operate on their labor-demand curves.
• B)explanation for the failure of firms to operate on their output-supply curves.
• C)source of shifts in labor demand.
• D)source of shifts in labor supply.

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Definitions:

Recognition Lag

Recognition Lag is the time it takes for policymakers to identify an economic problem.

Fiscal Policy

Government policies related to taxation and spending to influence the economy, including measures to adjust the level of aggregate demand in the pursuit of economic objectives.

Vice-President

An official or executive ranking below the president of a country or a company, often with delegated duties or powers and serving as a successor in case the president cannot serve.

Automatic Stabilizers

Economic policies and programs designed to balance fluctuations in a nation's economic activity without additional intervention, such as unemployment benefits and progressive taxes.