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Determine whether the vectors and are orthogonal.
Structural Unemployment
A form of unemployment caused by shifts in the economy, such as technological changes or global competition, that create a mismatch between the skills workers have and the skills needed by employers.
Frictional Unemployment
Short-term joblessness experienced by individuals transitioning between jobs, careers, or locations, often considered a natural and healthy part of a dynamic economy.
Minimum-Wage Laws
Legislation that sets the lowest hourly wage rate that employers can legally pay their employees.
Minimum Wage
The lowest legal salary that employers can pay workers, set by government law or policy.
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