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Unemployment Insurance
A government-provided financial assistance program for individuals who have lost their jobs, offering temporary income support while they seek new employment.
Unemployed
Individuals who are without a job but are actively looking for work and available to start work.
Endogenous
Originating from within a system, referring to factors or variables in economic models that are determined by the dynamics within the model itself, as opposed to external influences.
Business Cycle
The natural rise and fall of economic growth that occurs over time, including periods of expansion, peak, recession, and recovery.
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