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The function of LDL is to
Unemployment
The situation of someone of working age and willing to work being unable to find employment.
Off the Books
Financial transactions or employment that are not officially recorded or declared, often to avoid taxes or adhere to regulations.
Inefficiently High Quality
A form of inefficiency in which sellers offer high-quality goods at a high price even though buyers would prefer a lower quality at a lower price; often the result of a price floor.
Government Imposes
Actions undertaken by a government to enforce regulations, taxes, or penalties on individuals or organizations.
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