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What are the main criticisms of government bureaucracy?
Cyclical
Referring to fluctuations in economic activity that occur in cycles, often related to changes in business conditions.
Defense Contractor
A business organization that provides products or services to a military or national security department of a government.
Recession
A temporary economic slump, associated with a drop in business and manufacturing activities, commonly distinguished by a successive decline in GDP across two quarters.
Cyclical Unemployment
Cyclical unemployment is the component of overall unemployment that results from economic recessions or expansions, influenced by the business cycle.
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