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In a normal distribution,the mean,median,and mode are all equal.
Surplus Of Labor
A situation where the supply of workers exceeds the demand for labor, often leading to unemployment or underemployment.
Minimum Wage
The lowest legally permissible wage that employers can pay their workers, established by government laws.
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.
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