Affect the economy-wide supply of labor

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Reference no: EM131098863

How would each of the following factors likely affect the economy-wide supply of labor? Who gains and who loses?

a) Social security minimum age requirements are increased

b) The birth rate declines (short term and long term effects?)

c) Immigration laws are relaxed

d) Automotive construction technology improves

e) The minimum wage increases to $20/hour

Reference no: EM131098863

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