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Studies have suggested a decline in racial prejudice against African Americans over a long period.However,a study by Devine and Elliot (1995) indicated that
Minimum-Wage Law
Legislation that establishes the minimum amount per hour that employers must pay their employees.
Labor Shortage
A condition in which employers do not have enough employees to fill the available job vacancies.
Minimum Wage Laws
Legislation that sets the lowest hourly wage rate that an employer can legally pay its employees.
Natural Rate
A theoretical concept referring to the equilibrium level of a variable, such as unemployment or interest, under normal economic conditions without short-term distortions.
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