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New Classical Theories Suggest That Fluctuations in Employment and Wages

question 22

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New Classical theories suggest that fluctuations in employment and wages can be caused by the supply side of the labour market through changes in the


Definitions:

Correlation Coefficients

A numerical index showing how much two or more variables move in relation to each other.

Direction And Strength

In statistics and research, a term referring to the relationship between variables, indicating how one variable changes in response to another.

Carl Rogers

An influential American psychologist and one of the founding figures of humanistic psychology, known for developing client-centered therapy, emphasizing unconditional positive regard.

Abraham Maslow

An American psychologist known for creating Maslow's hierarchy of needs, a theory in psychology that prioritizes human needs.

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