Examlex
Requirements drawn from higher-level jobs are permissible only if it can be documented that a majority of individuals move to higher-level jobs within a reasonable time period.What do the Uniform Guidelines on Employee Selection Procedures define as a reasonable time period?
Trade
The exchange of goods, services, or both between two or more parties, often internationally or domestically to mutual advantage.
Short-run
A time period in economics during which at least one input, such as factory size or capital, is fixed, and firms can adjust production levels only by changing variable inputs like labor.
Inflation
The growth rate of general prices for goods and services, which sequentially leads to a reduction in the ability to make purchases.
Unemployment
The situation when individuals who are capable of working and are actively seeking work are unable to find employment.
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