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In-Text Figure Based Questions
-According to these graphs, more oxygen is released when the pH is (higher or lower) than normal and whentemperature is (higher or lower) than normal. (Figure 23-20)
Equilibrium Wage
The wage rate at which the quantity of labor supplied equals the quantity of labor demanded.
Structural Unemployment
Unemployment that results from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand.
Equilibrium Level
A state in which market supply and demand balance each other, resulting in stable prices and quantities.
Unemployment
The condition of being without a job, while actively looking for one and being willing to work.
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