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What is the formal definition of the unemployment rate and how is it calculated? Describe each of the three macroeconomic categories of unemployment: cyclical,structural,and frictional and give an example of each type of unemployment.
Ending Inventory
The total value of all inventory a company has in stock at the end of an accounting period.
Cash Budget
A financial plan that estimates cash inflows and outflows over a specific period of time, often used by businesses to manage liquidity.
Cash Balance
The amount of cash or cash equivalents that a company or individual has on hand at any given time.
Short-term Note
A debt instrument with a maturity of one year or less, used by businesses and governments to finance temporary needs.
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