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The four states of an Activity determine whether the activity is running, paused, idle, or terminated.
Cyclical Unemployment
The increase in unemployment that occurs during recessions and downturns in the economic cycle, typically resulting from a decreased demand for goods and services.
Structural Unemployment
Unemployment caused by a mismatch between the skills or location of workers and the requirements of the job market.
Frictional Unemployment
Short-term unemployment that occurs when individuals are between jobs or entering the labor market for the first time.
Consumer Price Index
A gauge that assesses the combined average prices of a variety of consumer products and services, encompassing transportation, food, and medical attention.
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