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Synaptic pruning occurs
Unemployment Rate
The ratio of unemployed individuals in the labor force who are earnestly looking for work.
Minimum Wage
The lowest legal salary that employers can pay to workers, aimed at protecting workers from exploitation.
Equilibrium Employment
The level of employment where the quantity of labor supplied is equal to the quantity of labor demanded.
Labor-Force Participation
The percentage of the working-age population that is engaged in the labor market, either employed or actively seeking employment.
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