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Explain How the Unemployment Rate Can Drop Even If the Total

question 31

Essay

Explain how the unemployment rate can drop even if the total number of people with and without jobs remains constant.


Definitions:

F.o.b. Shipment

A shipping term indicating that the seller is responsible for the goods until they are loaded on a vehicle for transport, at which point responsibility shifts to the buyer.

Title

A legal term that represents ownership rights to property.

Specific Performance

A legal remedy in contracts law requiring a party to perform their part of the contract, as opposed to paying damages for failing to do so.

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