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Explain the characteristics of one-stage and two-stage cluster sampling.
Cyclical Unemployment
A type of unemployment that results from business cycle fluctuations in the economy, typically increasing during recessions and decreasing during expansions.
Unemployment
A situation where individuals who are capable of working and willing to work cannot find jobs.
Labor Force Participation Rate
This term refers to the percentage of the working-age population that is either employed or actively looking for work.
Discouraged Workers
Individuals who are not actively seeking work because they believe no jobs are available for them or there are no jobs for which they would qualify.
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