If,due to a Recession,foreign Workers Begin to Leave the United

question 68

Multiple Choice

If,due to a recession,foreign workers begin to leave the United States to search for temporary work in their home countries until the recession has ended,this will

• A)shift the short-run aggregate supply curve of the home country to the left.
• B)shift the short-run aggregate supply curve of the home country to the right.
• C)move the home country's economy up along a stationary short-run aggregate supply curve.
• D)move the home country's economy down along a stationary short-run aggregate supply curve.

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Definitions:

Consumer Surplus

The difference between what you pay for some good or service and what you would have been willing to pay.

Senior Citizens

Individuals who are typically above the retirement age, usually considered to be 65 years or older, often eligible for certain social benefits.

Elastic Demand Curves

Demand curves that show a significant change in quantity demanded when prices change, indicating sensitivity to price alterations.

Monopolistic Competitors

Firms in a market structure characterized by many sellers offering products that are similar but not identical, leading to non-price competition.