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The Food and Drug Administration (FDA) requires controlled trials that last for a few weeks or, at most, a few months to test the effects of drugs used in the treatment of psychological disorders. What concerns
are raised by the limited time period for these trials?
Unemployment Spells
Periods during which an individual is without work but available for and seeking employment.
Unemployment Spells
Periods during which an individual is out of work and actively seeking employment but unable to find a job.
Long-Run Unemployment
Unemployment that persists in an economy for an extended period, typically occurring due to structural changes in the economy such as technological advances or shifts in consumer demand.
Unemployment Rate
The proportion of the labor force that is without work but actively seeking employment and willing to work, expressed as a percentage.
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