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A tape-recorded will is just as valid as a written will.
Minimum-Wage Laws
Legislation that sets the lowest hourly wage rate that employers can legally pay their employees.
Minimum Wage
The lowest legal salary that employers can pay workers, set by government law or policy.
Labor Supplied
The total hours that workers are willing to work at a given wage rate, representing the workforce availability in the economy.
Labor Demanded
The total amount of workers that employers in the economy want to hire at a given wage level and time period.
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