Examlex
The position of the short-run aggregate supply curve depends on
Labor Costs
The total expenditure incurred by employers for the compensation of their workforce, including wages, benefits, and taxes.
Employee Turnover
The rate at which employees leave a company and are replaced by new employees over a specific period.
Automation
The use of machinery and technology to perform tasks without human intervention, often to improve efficiency and productivity.
Child Labor
The employment of children in any work that deprives them of their childhood, interferes with their ability to attend school, and is mentally, physically, socially, or morally harmful.
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