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What is the horizontal component of the walking formula?
Determinant
A factor or variable that decisively affects the nature or outcome of something.
Money Incomes
Earnings received in the form of currency or its equivalent, typically through employment, investments, or transfers like pensions and benefits.
Wage Rates
The amount of money paid to an employee per unit of time, such as an hour or month, for labor or services.
Labor Demand
The total amount of workers that employers are willing and able to hire at a given wage rate in a given period.
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