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As the "bourgeois century" progressed
Discouraged Workers
Individuals who are not actively seeking work because they believe no jobs are available for them or there are none for which they would qualify.
Unemployed
Refers to individuals who are without a job but are actively seeking work.
Contraction
The downturn of the business cycle, when real GDP is declining.
Recovery Phase
A period within the economic cycle where activity rebounds following a recession, characterized by increasing GDP, employment, and investment.
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