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Discuss the sanctions the Securities and Exchange Commission can impose on auditors.
Structurally Unemployed
Individuals who are unemployed due to shifts in the economy that create a mismatch between their skills and the demands of the current job market.
Frictionally Unemployed
Individuals who are temporarily out of work while transitioning between jobs, typically due to voluntary decisions.
Cyclically Unemployed
Individuals who are out of work due to downturns in the business cycle, characterized by reduced demand for goods and services.
Rate of Inflation
The rate at which the general level of prices for goods and services is rising, and, subsequently, eroding purchasing power.
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