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List the three needs proposed by Clayton Alderfer.
Wage Increase
An upward adjustment in wages or salaries, often to match inflation, improve living standards, or reward performance.
Labor Demand
The total amount of workers that employers are willing and able to hire at given wages over a certain period.
Employment Decline
A situation where the number of employed individuals in the economy decreases, often measured over a specific period, which can indicate economic downturns or industrial shifts.
Elasticity
A measure of how much the demand or supply of a product changes in response to a change in price or other economic variables.
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