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In February 2012, the Bureau of Labor Statistics calculated the unemployment rate to be 8.3%. If frictional unemployment was 3.1% and structural unemployment was 3.2%, then the natural rate of unemployment was:
Limited Liability Company
A corporate form that merges the tax benefits of a sole proprietorship or partnership with the limited liability offered by a corporation.
Law Firm
A business entity formed by one or more lawyers to engage in the practice of law, offering legal services to clients.
Service Business
A business that provides intangible products or services to customers, as opposed to selling physical, tangible goods.
Large Businesses
Enterprises or corporations that operate on a large scale in terms of revenue, employees, and market impact, often influencing their industry or sector significantly.
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