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Should there be any limits on what the state can do? Would you answer depend on the circumstances in which the state was acting, with it varying between times of peace, and times of war, for example?
Labor Underutilization
A broader measure of unemployment that includes people who are not actively looking for work, but who would work if a job was available, and part-time workers who would prefer full-time positions.
Labor-Force Participation Rate
The rate of the labor force participants who are of working age, encompassing those in employment and those actively searching for a job.
Unemployment Rate
The proportion of the labor force that remains unemployed and is actively looking for ways to gain employment.
Cyclical Unemployment
Unemployment caused by the downturns of the economic cycle, such as recessions.
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