Examlex
Procedural justice matters most in situations of high outcome favorability.
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.
Minimum-wage Laws
Legislation that sets the lowest hourly wage rate that can be paid to workers, intended to protect employees from unduly low pay.
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