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Cyclical Unemployment
Employment that fluctuates with the business cycle, increasing during economic downturns and decreasing during periods of economic growth.
Economy
The system by which a country's money and goods are produced, distributed, and consumed.
Boom
A period of significant economic growth, expansion, and increased productivity, often characterized by high demand, low unemployment, and rising prices.
Full Employment
An economic situation where all available labor resources are being used in the most efficient way possible, typically characterized by the absence of cyclical unemployment.
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