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Low Unemployment
A situation where a very small percentage of the labor force is not engaged in gainful employment, indicating a healthy economy.
Protective Tariffs
Duties charged on imports to defend local sectors from international rivals by elevating the prices of goods from abroad.
Manufactured Goods
Products that have been processed or transformed from raw materials into finished items through the use of machinery or human effort.
Great Depression
A severe worldwide economic downturn that took place during the 1930s, marked by high unemployment, deflation, and a significant fall in economic output.
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