In a Change to Immigration Policy During 2012,"people Younger Than

question 172

Multiple Choice

In a change to immigration policy during 2012,"people younger than 30 who came to the United States before the age of 16,pose no criminal or security threat,and were successful students or served in the military can get a two-year deferral from deportation,Homeland Security Secretary Janet Napolitano said," according to CNN,06/16/2012. If many of these immigrates had previously been afraid to work,now as a result of being able to work legally,

• A) both the short-run and long-run aggregate supply curves shift rightward.
• B) only the long-run aggregate supply curve shifts rightward.
• C) only the short-run aggregate supply curve shifts rightward.
• D) neither the short-run nor the long-run supply curve shift.

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Definitions:

Equilibrium Quantity

The quantity of goods or services supplied is exactly equal to the quantity of goods or services demanded in the market.

Price Controls

Government-imposed limits on the prices that can be charged for goods and services, intended to curb inflation or protect consumers.

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded; also known as the market-clearing price.

Equilibrium Quantity

The measure of goods or services that are supplied and demanded at the price of equilibrium within a market setting.