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Write the expression in simpler form. | 8 |
Minimum Wage
The minimum wage permitted by law for the majority of employees.
Unemployed Workers
Individuals actively seeking employment but unable to find work, comprising part of the labor force that is not currently employed.
Labor Demand
The total amount of workers that employers in an economy want to hire, which varies depending on wage levels, technological changes, and overall economic conditions.
Labor Supply
The cumulative amount of time employees are prepared and capable of working for a specific rate of pay.
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