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______ Is a Calculation of How Many People Make It

question 10

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______ is a calculation of how many people make it through the recruiting step to the next step in the hiring process.


Definitions:

Demand For Labor

The total amount of workers that employers in the economy want to hire at various wage levels.

Surplus Of Labor

A situation where the supply of labor exceeds the demand for it, typically resulting in unemployment or lower wages.

Minimum Wage

The lowest remuneration that employers can legally pay their workers, intended to protect employees from unduly low pay.

Demand For Labor

The total amount of workers that employers are willing and able to hire at a given wage rate, in a given period.

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