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Suppose that the current overall unemployment rate is 7.5%.If structural unemployment is 1.5%,frictional unemployment is 3%,and cyclical unemployment is 2%,what is the unemployment rate that is due to seasonal factors?
Loss
A financial situation in which expenses exceed revenues, indicating negative profitability for a business or investment.
New Firms
Newly established business entities that have recently started operations, contributing to innovation, competition, and economic dynamics.
Existing Firms
Businesses that are already operating within a market, as opposed to new entrants.
Long Run
A period in economics where all factors of production and costs are variable, allowing for complete industry adjustment to changes.
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