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The suggestion that mental abilities consist of fluid intelligence and crystallized intelligence was made by
Supply of Labor
The total hours that workers are willing and able to work at a given wage rate, in a given time period.
Net Migration
The difference between the number of individuals entering and leaving a geographic area during a specific time period, which can impact population size and composition.
Labor Supply Curve
Represents the relationship between the wage rate and the quantity of labor that workers are willing to supply.
Equilibrium Outcome
A state in which market supply and demand balance each other, and, as a result, prices become stable.
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