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Describe the changes in parenting style that often emerge following a family divorce, focusing on the patterns typically seen in custodial mothers and noncustodial fathers.
Full-Employment
Full-employment refers to the level of employment rates where there is no cyclical or deficient-demand unemployment, essentially meaning that everyone who wants to work and is able to work can find employment at the current wage rates.
Real GDP
Is the inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year, providing a more accurate depiction of an economy’s size and growth rate.
Jobless Recovery
A period in which the economy recovers from a recession but the job market does not, leading to stagnant or rising unemployment despite growth.
Great Recession
A severe global economic downturn that began in 2007 and lasted until 2009, marked by significant declines in economic activity worldwide.
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