1. Give a detailed account of the various factors which determine whether an individual (or group) will migrate from one place to another.
2. Briefly explain with the help on an example what is meant by the Screening Hypothesis.
3. Suppose firms reduce their spending on new equipment and software. We can expect the price level to _____ and real GDP (output) to _______.
increase : increase
decrease : decrease
increase : decrease
decrease : increase