Examlex
Explain the theory behind assessment centers.
Long-Run Average Unemployment Rate
The unemployment rate that is expected to prevail in the long-term, factoring in the natural movement of the workforce in and out of jobs.
Market Power of Unions
The capacity of labor unions to influence wages, working conditions, and employment levels through collective bargaining.
Minimum Wage
The lowest legal salary that employers can pay workers, set by government laws to ensure a minimum standard of living for employees.
Money Supply Growth Rate
The rate at which the amount of money available in an economy is growing, influencing inflation and economic stability.
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