Effectively removing all illegal immigrants from U.S. labor markets would:
A. reduce wages in the United States.
B. increase employment of domestic-born workers, but by a lesser amount than the number of jobs lost by illegal workers.
C. increase employment of domestic-born workers at a rate of one-for-one with the jobs lost by illegal workers.
D. increase employment of domestic-born workers by an amount greater than the number of jobs lost by illegal workers.
B. increase employment of domestic-born workers, but by a lesser amount than the number of jobs lost by illegal workers.
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Explain what inflation targeting is. What are the advantages and disadvantages of this type of monetary policy strategy?
What will be an ideal response?
A firm can choose a quantity of output, and the price is then determined by
a. the government. b. the supply schedule. c. consumers' demand. d. the average cost.