Examlex
A wage _____ reduces the quantity of labour supplied through the _____ effect.
Demand for Labor
The total amount of workers that employers are willing and able to hire at a given wage rate in a specific labor market.
Supply of Labor
The total hours that workers are willing and able to work at a given wage rate.
Wages
Remuneration provided to laborers for their services, usually based on an hourly, daily, or task-completion method.
Total Compensation
The complete pay package for employees including all forms of money, benefits, services, and in-kind payments.
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