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The diagram below illustrates a portion of the model for the universe described by
Business Cycle
The natural rise and fall of economic activity over time, characterized by periods of expansion and contraction.
African American Workers
Individuals of African descent in the United States who are part of the labor force, facing both historical and modern-day challenges and opportunities in the workplace.
Unemployment Rate
The rate of people in the workforce who are jobless and in active pursuit of employment.
Frictionally Unemployed
Individuals temporarily out of work while transitioning between jobs or looking for their first jobs.
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