Examlex
Solve the system by the substitution or elimination method.
Labor Demand
The total number of hours that employers want to hire labor at a given wage rate, in a given time period.
Crowding Model
The crowding model is a concept in labor economics that suggests an oversupply of workers in certain sectors can lead to reduced wages and employment opportunities in those sectors.
Domestic Output
The total value of all goods and services produced within a country's borders in a specified time period.
Occupations
The various kinds of jobs or professions that individuals engage in to earn a living.
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