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Troy knows how to tie his own shoes and can do it almost without thinking about it as he ties them. Troy remembers the first time he learned to tie his shoes by himself. For Troy, the memory of that first time is a(n) .
Officially Unemployed
Officially unemployed refers to individuals who are without a job, actively seeking work, and currently available to take up employment.
Fully Employed Economy
A situation where all available labor resources are being used in the most economically efficient way, with minimal unemployment.
Cyclical Unemployment
Unemployment that results from business cycle fluctuations and the imbalances in supply and demand that arise in the economy over time.
Discouraged Workers
Individuals who are not actively looking for work because they believe no jobs are available for them or there are no jobs for which they would qualify.
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