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Answer the following questions:
a.What are the three types of unemployment, and which two compose the natural rate?
b.Give an example of a person who would be counted in each type.
c.Would an economy with 2 percent actual unemployment be in a recession? Why or why not?
Working Poor
Individuals who are employed but whose earnings are not sufficient to meet the poverty line in their location.
Federal Programs
Initiatives and services funded and operated by the national government to achieve policy goals, ranging from healthcare to education and beyond.
Supplemental Nutrition Assistance Program
A federal aid program in the United States providing food-purchasing assistance for low and no-income people.
Social Programs
Government initiatives designed to provide support and assistance to citizens, especially those in need, including healthcare, education, and welfare services.
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