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Describe the potential discounts available to radio advertisers.
Natural Rate
A term often used to refer to the natural rate of unemployment, which is the level of unemployment consistent with a stable rate of inflation.
Frictional Unemployment
Short-term unemployment that arises from the process of workers moving between jobs, including fresh entrants to the labor market.
Labor Unions
Organizations formed by workers from related fields that work for the collective rights of the members, including better wages, working conditions, and benefits.
Labor Supply
The total hours that workers are willing and able to work at a given wage rate.
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