Examlex
Simplify. Your answer should be in lowest terms.
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Average Workweek
The average number of hours worked per week by employees in a specific sector or economy.
Natural Rate
The long-term rate of unemployment around which the job market is in balance, where all those willing to work at prevailing wage rates can find employment.
Policymakers
Individuals or groups responsible for making decisions and creating policies for political, economic, or social systems.
Natural Rate
Often referred to in the context of unemployment, it is the long-term rate of unemployment that an economy experiences even when it is operating at a full capacity.
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