2 ms·
You'd get a low grade in economics class with such an argument -- the issue is that in the long run, the market responds to the availability of new inputs (in t
by greglindahl 9y ago
You'd get a low grade in economics class with such an argument -- the issue is that in the long run, the market responds to the availability of new inputs (in this case, lots more labor), and in the long run you have no idea how the relationship between supply and demand will change.