Examlex
Freedom of speech is guaranteed in the Declaration of Independence.
Labor Supply
The total hours that workers are willing and able to work at a given wage rate, across the economy or within a specific sector.
Technological Advances
Innovations and improvements in technology that increase production efficiency, create new products, or enhance quality of life.
Persistently Rising Employment
Refers to a continuous increase in the number of employed individuals over a period, indicating economic growth and stability.
Backward-Sloping Labor Supply
A situation where higher wages lead to a decrease in the quantity of labor supplied because the income effect outweighs the substitution effect.
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