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Overfull Employment |
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Overfull Employment A situation in which the demand for labor exceeds supply. This results in wage and salary increases as employers try to attract employees. This, in turn, leads to employees spending more of their higher wages, which results in higher prices. According to some economists, overfull employment leads to inflation. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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