Examlex
Congress enacted the Truth in Savings Act which requires all depositary banks to disclose in great detail to consumers the terms and conditions of their deposit accounts.
Labor Demand Curve
A graphical representation showing the relationship between the quantity of labor demanded by firms and the wage rate.
Labor Productivity
A measure of economic performance that indicates the amount of goods and services produced per unit of labor input.
Labor Supply Curve
A graphical representation showing the relationship between the quantity of labor supplied and the wage rate, typically illustrating that higher wages attract a larger labor supply.
Technological Change
Refers to the process of innovation and improvement in technology which leads to new products, services, or more efficient ways of doing things.
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