Examlex
A depression economy has considerable slack; therefore
High-Skill
Referring to jobs or positions that require advanced training, education, knowledge, or proficiency.
Low-Skill
Describes jobs or workers that require minimal specialized training or education.
Compensating Differential
A difference in wages that arises to offset the nonmonetary characteristics of different jobs.
Economics Professors
Academics who specialize in the study of economics, often conducting research, teaching at universities, and publishing scholarly works.
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