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Which statement is an example of a demand characteristic in everyday life?
Labor Force Participation Rate
a measure of the active portion of an economy's labor force, calculated as the labor force divided by the total working-age population, expressed as a percentage.
Unemployment
The situation where individuals who are capable and willing to work cannot find employment.
Efficiency Wages
Efficiency wages are wages set above the market equilibrium by employers, aiming to boost productivity by increasing worker satisfaction and reducing turnover.
Labor Unions
Organizations formed by workers to protect their rights, improve working conditions, and negotiate wages and benefits with employers.
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