חי alt_Midterm1.docx (100 KB) | A Alternative formats A. In February 2018, the current administration proposed a $2.2 billion budget increase for Secrete Service to hire 450 special agents, officers and professional staff in an effort to detain and deport illegal immigrants. At the same time, there was also a simultaneous immigration of many H1-B visa workers (legally employed in the US) from the U.S. to Canada due to delays in obtaining green card. Assume that this is a temporary phenomenon for the American labor market. Use the model of AD and AS to explain what you think will be the impact of the above two scenarios on the real GDP and price level? Explain and show graphically. [4 pts] B. Are the salaries of these H1-B workers included in the US real GDP? Explain. [1 pt] 0 MAY 13 S LORIRY a F4 F5 F6 5 % 6 & 7 ト Y U
חי alt_Midterm1.docx (100 KB) | A Alternative formats A. In February 2018, the current administration proposed a $2.2 billion budget increase for Secrete Service to hire 450 special agents, officers and professional staff in an effort to detain and deport illegal immigrants. At the same time, there was also a simultaneous immigration of many H1-B visa workers (legally employed in the US) from the U.S. to Canada due to delays in obtaining green card. Assume that this is a temporary phenomenon for the American labor market. Use the model of AD and AS to explain what you think will be the impact of the above two scenarios on the real GDP and price level? Explain and show graphically. [4 pts] B. Are the salaries of these H1-B workers included in the US real GDP? Explain. [1 pt] 0 MAY 13 S LORIRY a F4 F5 F6 5 % 6 & 7 ト Y U
Chapter1: Making Economics Decisions
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