Examlex
Thinking in which knowledge and accounts of phenomena are viewed as either right or wrong without any in-between is called ______.
Frictional Unemployment Rate
Frictional Unemployment Rate refers to the percentage of the labor force that is voluntarily moving between jobs, careers, or locations.
Structural Unemployment Rate
The long-term and chronic unemployment that exists even when the economy is at its productive best, often due to mismatches between skills and job requirements.
Overall Unemployment Rate
A percentage that represents the portion of the labor force that is not currently employed but is actively seeking employment.
Unemployment Rate
The fraction of job-seeking individuals within the labor force who are currently unemployed.
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