Examlex
What does it mean to say there is a circular relationship between exposure to media violence and child aggression?
Structural Unemployment
An unemployment scenario where there's an incongruence between the skillsets provided by the labor market and those needed by employers.
Efficiency Wages
Wages that are deliberately set above the market equilibrium to increase productivity by attracting better applicants, reducing turnover, or increasing worker effort.
Equilibrium Level
The state in which market supply and demand balance each other, and as a result, prices become stable.
Structural Unemployment
A situation where there is a mismatch between the skills workers have and the skills needed by employers due to technological changes or other factors.
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