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If the actual unemployment rate is 7% and the cyclical unemployment rate is 2%, then the natural rate of unemployment is:
Complement of Event
In probability theory, the set of all outcomes in the sample space that are not included in the given event, essentially representing the opposite of the event.
Probability
A quantification of an event's chance of happening, displayed as a figure between 0 and 1, where 0 denotes that the event is impossible and 1 denotes absolute certainty of the event occurring.
Occurs
Takes place or happens, often used in the context of events or phenomena that are observed.
Plastic Arrow
A type of arrow made primarily of plastic, typically used for archery training or as a toy.
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