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The Natural Rate of Unemployment

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The natural rate of unemployment


Definitions:

Upgrading

The process of improving or enhancing a system, equipment, or software to boost performance or capabilities.

Industrial Fiber

Textiles and filaments used in the industrial sector for various applications, including manufacturing and construction.

Molasses

A thick, dark syrup produced during the refining of sugar cane or sugar beets into sugar.

Financial Advantage

The benefit gained in financial terms from an action or investment, often measured by profit, cost savings, or revenue increase.

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