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Solve the following equation. Be sure to check each answer in the original equation if you multiply both sides by an expression that contains the variable.
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.
Cyclical Unemployment
Unemployment that rises during economic downturns and falls when the economy improves.
Seasonal Unemployment
Joblessness linked to seasonal variations in demand or supply of labor in certain industries.
Cyclical Unemployment
A type of unemployment that relates to the cyclical trends in the economy, fluctuating with the business cycle's contraction and expansion phases.
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