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If the actual rate of inflation exceeds the expected rate of inflation,the actual real wage is greater than the expected real wage and unemployment falls.
Layoff Cost
The financial impact associated with the termination of employees traditionally as a result of downsizing, restructuring, or automation.
Hiring And Training Cost
Expenses incurred in recruiting, hiring, and training new employees.
Regular Time Cost
This refers to the expenses associated with normal operations and working hours, excluding any overtime or special circumstances costs.
Over Time Cost
The added expense incurred from having employees work beyond their regular working hours.
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