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On Average the Unemployment Rate Increases by 7% Following a Severe

question 48

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On average the unemployment rate increases by 7% following a severe banking crisis.


Definitions:

IRS

The Internal Revenue Service (IRS) is the U.S. government agency responsible for the collection of taxes and enforcement of tax laws.

Supermart

A large retail store, typically a supermarket or hypermarket, selling a wide variety of goods.

Professional Negligence

The failure of a professional to perform their responsibilities to the required standard of skill and care, leading to client harm or loss.

Legislatures

Law-making bodies in a government that create, amend, and enact laws.

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