Draw a diagram illustrating the UKs decision to open up labour markets to workers from the Accession
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Draw a diagram illustrating the UK’s decision to open up labour markets to workers from the Accession countries. Show the situation both before and after. Consider both the position and slope of the labour supply curve and the impact on the number employed and wages. Would you expect there to be any movement in the demand for labour?
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The effect was to increase the supply of labour and to make it more el...View the full answer
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