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-Jacques-Louis David
Estimated
An approximate calculation or judgment of the value, number, quantity, or extent of something, based on available data.
Natural Rate
Typically refers to the natural rate of unemployment, which is the rate of unemployment expected when the economy is at full employment, without cyclical unemployment.
Unemployment Rate
The percentage of unemployed persons in the labor force who are vigorously trying to secure a job.
Cyclical Unemployment
Unemployment caused by a downturn in economic activity or recession, affecting the overall demand for labor.
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