Structural Unemployment B. Access to our library of course-specific study resources, Up to 40 questions to ask our expert tutors, Unlimited access to our textbook solutions and explanations. b. a. C) there is no frictional cyclical unemployment. b) The unemployment rate is 4.8 percent. a. Which of the following statements is false? The seasonal unemployment rate c. The official unemployment rate reported by the Bureau of Labor Statistics d. The cyclical unemployment rate, In 2016, there were approximately 159.2 million people in the labor force and the unemployment rate was 4.9 percent. 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Which of the following is true? The people who are employed but not in the job they want to be in. fictional unemployment increases. They have given up on looking for a job. Select one: Consider a hypothetical economy in which the labor force consists of 100 people. c. Companies have difficulties recruiting workers. 2020 - 2024 www.quesba.com | All rights reserved. It is the type of unemployment associated with d, Which of the following is a statement of positive economics? D) there is no frictional or structural unemplo, Suppose the economy is experiencing frictional unemployment of 1%, structural unemployment of 3%, and cyclical unemployment of 4%. a. Frictional unemployment implies a lack of available jobs. A. This figure includes people who are no longer actively looking for work. ". Explain. Which of the following statements about unemployment is true? Choose all that apply. A person who stayed home to raise his children and now starts looking for a job. 3% b. Choose all that apply. A. While labor is a very important resources in the production of goods and services, it is particularity important because labor is directly tied to demand. According to the strict definition of unemployment, a person who did not actively seek, Which of the following causes the unemployment rate to understate the true extent of joblessness? Createyouraccount. A. b. (a) Higher unemployment has social costs, for example it could lead to increased criminal activity. a) During a recession, the number of discouraged workers increases and this tends to reduce the unemployment rate. Unemployment caused by the fluctuation of the business cycle is called . unemployment. Select all that apply. B. equals zero. To be officially unemployed, a person has to be in the labor force. Which of the following statements about unemployment is true? Which statement below is true of price floors? Explain to whom that type of unemployment might apply. Based on the graph above, if market price is $19 per unit, what is happening at that market price? Unions can either increase demand or decrease the supply of labor. If some unemployed individuals became discouraged workers, which of the following would result? Labor surplus B. The price of oil should be increased because burning it, Which of the following is not true when there is an inflationary gap? (c) So, Which of the following is not a true statement about discrimination in the US labor market A. b. Select one: a. A. inflation B. discouraged workers C. people employed in the underground economy D. unemployed people falsely reporting themselves to be actively looking fo, Which of the following best describes discouraged workers? Which of the following statements are true regarding the job design process:a. c) work tests. It is difficult to predict because it involves all kinds of workers. The frictional unemployment rate is greater than the natural unemployment rate. C. The actual unemployment rate is greater than th, During recessions, the official unemployment rate may not adequately reflect the true state of the official unemployment rate and percentage of unemployed, underemployed, and discouraged workers. a. Which of the following statements is incorrect? The natural unemployment rate b. An unemployment rate of 7 percent is a serious problem. a. The unemployment rate is equal to 0%. When a firm sacks a worker against her wishes but she can get another job immediately, there is involuntary unemployment. Employment exceeds full employment. a) A cyclical unemployment b) Frictional unemployment c) Structural unemployment d) Search unemployment, Natural unemployment is equal to which of the following? Which of the following statements about full employment is correct? In general, labor legislation in South Africa protects the employer at the expense of the employee. E. It ar, When the rate of cyclical unemployment is zero, the: a) natural rate of unemployment must also be zero. If the MPC is 0.5 and the government increases spending by $250 billion, which of the following will be the effect this change has on the economy? d) not a member of the labor force. c. structural unemployment is zero. b) A low national unemployment rate does not mean that the entire nation is growing and, Which of the following statements is false? Suppose an economy has 13,800 people employed and 1,200 unemployed but looking for work. Learn what the employment-at-will doctrine is and the employee rights that it protects. There is no cyclical unemployment in the economy. a) "The actual rate of unemployment is below the NAIRU", b) "Actual GDP is higher than potential GDP", c) "The natural rate of unemployment is higher than the actual rate of unemployment", Which of the following would cause the natural rate of unemployment to increase? d. frictional, The economy is considered to be at full employment when: a. the actual rate of unemployment is less than the natural rate. b. b. Efficiency wages C. Frictional D. Unions, Which of the following causes the unemployment rate to understate the true extent of joblessness? The increase in unemployment associated with a recession is called a. structural unemployment. c. the economy is at full employment. c. The minimum wage reduces the number of jobs for less skilled workers. Select one: a. c. Unemployment exceeds the nat. The federal government may lend money to states which come up short in providing these benefits One does not need to be actively looking for work to receive benefits General taxes on certain goods such as gasoline, cigarettes, alcohol, cable television, and phone services are Excise taxes. a) "The actual rate of unemployment is below the NAIRU", b) "Actual GDP is higher than potential GDP", c) "The natural rate of unemployment is higher than the actual rate of unemployment". b) economy is considered to be at full employment. 2.25 c. 3.33 d. Cannot be calculated with the information provided, By creating an account, you agree to our terms & conditions, Download our mobile App for a better experience. Employment insurance compensation encourages longer job searches, which may lead t, Which statement is true about unemployment insurance? a. Unions reduce the demand for labor in certain industries by making workers too productive. Mark the false statement(s). The price is too. d. It is the amount of unemployment that the economy normally experiences. See the definition and causes of frictional, cyclical, structural, and other forms of unemployment with examples. Unemployment insurance increases the amount of frictional unemployment. Discouraged workers. a) The federal government passes some of its revenues to state and local governments b) Property taxes are are not a part of the state and local governments revenues c) Sales tax is not a part of state and local governments revenues d) Corporate taxes are a relatively small part of the state and local governments revenues. While John and his friend were riding around their small town with their paintball guns, they spotted Chris Rico and shot his car. b. B. Createyouraccount. It reflects unemployment when an economy is in "full employment". As the wage rate rises, the substitutio, Which of the following is an effect of a minimum wage law that establishes a minimum wage below the current market clearing wage? a. frictional unemployment b. the wage to rise above the equilibrium level c. conflict between insiders who benefit from high union wages and outsiders who do not get the union jobs d. reduced wages in industrie, Which of the following statements is correct? It is possible to eliminate natural unemployment. 71-72) Which of the following is most characteristic of an organization with a strong spiritual culture? b. As a recession begins, firms quickly make layoffs. A decrease in the market clearing wage c. Surplus labor, or unemployment, Which of the following statements correctly describes European labor markets? B. The unemployment rate equals the nature unemployment rate b. The unemployment rate in the United States was 8.1 percent in August 2012. b. Which of the following is not a cause of unemployment? It is the difference between the current rate of unemployment and the natural rate of unemployment. Workplace spirituality has become important in the contemporary workplace because it helps to _____. Who do you call unemployed? Labor income Which statement below about the exchange rate is FALSE? When cyclical unemployment is equal to zero, we know that: A. a. A. d, Before the recession began, the U.S. unemployment rate was about 6%. c. Someone who gives up looking for a job. c. It is always present, even in a healthy economy. c. They are dissatisfied with th. Demand and supply curves for labor are consistently shifting. Which of the following statements is false? b. The minimum wage is good because it raises wages for the working poor. a) A cyclical unemployment b) Frictional unemployment c) Structural unemployment d) Search unemployment, Which of the following statements correctly describe discouraged workers? a) They have given up on looking for a job. B. rate of frictionally unemployed plus the rate of structurally unemployed workers. ", Which of the following would lead to a lower unemployment rate? b) They have not looked for a job in 6 weeks, but they w, Which of the following is true? C. The unemployment rate is equal to the cyclical rate of unemployment. c. frictional unemployment. E) cyclical, fri, When the unemployment rate matches the natural unemployment rate, A) there is no structural or cyclical unemployment. The doctrine helps raise labor hiring and firing costs, leading to higher unemployment rates. A teenage worker is more likely to be unemployed than an older worker. There is only cyclical unemployment in the economy. ", Which of the following does the Theory of Efficiency Wages explain? Any job analysis should focus on works behaviors required for successful performance of the job. Which of the following statements are true regarding unemployment? The unemployment rate is equal to the natural rate of unemployment. If the unemployment rate had been 4.5 percent instead of 4.9 percent: a. C. A part-time worker. Mark all that apply. CReduction in the growth of productivity and cutback in potential output are in the national interest. 1) Based on the population classifications we discussed relating to the labor force and unemployment, determine whether each of the following statements is true or false. Cyclical Unemployment C. Frictional Unemployment D. All are included in the natural rate of unemployment. Define unemployment and explain whether the unemployment number is an accurate level of true unemployment. Which of the following statements about the minimum wage are likely to be true? If the price of a product in a market decrease, Which of the following is true? Which of the following could cause a shift in the demand curve? b) unemployment caused by changes in the industrial makeup of an economy. A. Unemployment that is due to a recession is: a. involuntary unemployment. b) In recent years, the average unemployment, Which of the following people are considered unemployed according to the Bureau of Labor Statistics? b. the leading economic indicators are unchanged for two consecutive quarters. They are counted as part of the labor force by the Bureau of Labor Statistics. B. All of these b. cyclical unemployment c. seasonal unemployment d. frictional unemployment. When the economy is at its full employment Real GDP, the unemployment rate is equal to a. zero. (B) They are counted as, Which of the following contributes to structural unemployment? During the recession the business began importing most of the products they sell, b. a. The advantage of doing this might be (over time) an upturn in the value of labor productivity for the employer. People who are out of work due to bad weather. b. The actual unemployment rate can never be above the natural rate. B. c) The U.S. labor market i, Which of the following characteristics relate to cyclical unemployment? An economy is producing its Natural Real GDP when the rate of unemployment is equal to the ________ unemployment rate. a. (b) A person who has been unemployed for too long might lose their skills and become unemployable. a. a. frictional unemployment b. d. Companies stop lookin, Which of the following groups of people are counted as unemployed? Frictional unemployment refers to unemployed people who are switching jobs or looking for new jobs. -When unemployment is increasing, it is a sign of a recession. D. will equal frictional unemployment. a. D. There is no cyclical unempl, If cyclical unemployment is eliminated in the economy, then A. the economy is considered to be at full employment. A. Underemployed workers. a. c. There is no involuntary unemployment. Zero, b. In the production function, all the inputs are assumed to be fixed. b) Unemployment. Which of the following statements is correct regarding involuntary unemployment? The supply curve of labor shifts when the prevailing wage rate changes. b) Part-time workers being counted as unemployed. The doctrine helps raise labor hiring and firing costs, leading to lower unemployment rates. Employment insurance compensation encourages longer job searches, which may lead to a bett, Which of the following statements best describes the "jobless recovery" after the Great Recession. B. many people who claim to be unemployed actually work in the underground e. Complete the following sentence. Unemployment correlated with the business cycle is called A. cyclical unemployment. Discouraged, Which of the following statements is/are correct? D) seasonal and cyclical unemployment. Which of the following statements is supported by the passage AAs productivity rises, a greater amount of labor per dollar of national product can be expected. It is the type of unemployment associated with d. Which of the following people would be classified as unemployed? Which two types of unemployment still exist in a full-employment economy. Unemployment rises C. Unemployment falls D. Higher prices, Which of the following statements are positive, and which are normative? c. employment rates will be rising. D. frictional unemployment. A. Why? A person who is not working is officially unemployed. D. equals cyclical and actual rates of unemployment. False 2. c. The natural unemployment rate is greater than the structural unem, The actual unemployment rate that prevails when cyclical unemployment is zero is called unemployment rate. A. a. c. The people who gave up looking for. B. ii. The economy is at full employment when the actual rate of unemployment equals the A. labor force minus the number of discouraged workers. The United States assumed total responsibility for the . c) Keynesian aggregate supply curve must be horizontal. c. structural unemployment is zero. c. The natural rate of unemployment, Which of the following effects does raising the minimum wage have on unemployment? higher unemployment during a recession. The earnings test does not apply to work earnings for those individuals who have reached the full retirement age under Social Security. b. C. equals the actual rate of unemployment when cyclical unemployment equals zero. B. B. a. All other trademarks and copyrights are the property of their respective owners. 37,194,541. a) In general, nations with higher labor market rigidity have greater inflation. When a dynamic labor market is operating efficiently, mostly cyclical unemployment will be present. b) A person who is not working is officially unemployed. Output cannot begin rising due to the lack of available labor, c. Ne, Which of the following terms defines workers who have given up looking for a job, but would still like one? B. underemployed workers are counted. It addresses decision-making. Which of the following statements is correct regarding involuntary unemployment? According to the data, what is the unemployment rate for this economy? 1. C. structural unemployment would r. According to the Bureau of Labor Statistics, a person who is not working and is not looking for work is: a) considered unemployed. Learn the various types of unemployment. a. Choose all that apply. D. It is . Computer Graphics and Multimedia Applications, Investment Analysis and Portfolio Management, Supply Chain Management / Operations Management. b. A. 1) Which of the following statements correctly describe discouraged workers? (a) Slow growth. B. The few people who are unemployed stop looking for jobs. It is reflected in the GDP gap. Briefly explain why discouraged workers and part-time workers may contribute to the official unemployment rate, understating true unemployment in the economy. There is no cyclical unemployment in the economy. If an unemployment report stated that the economy created 50,000 new jobs, and the unemployment rate has increased by 0.2 percent, is there an error in the report? The frictional unemployment rate is greater than the natural unemployment rate. d) Labor force: the number of employed plus the unemployed. Which of the following are microeconomic problems? b. structurally unemployed. D. There is, Which of the following statements correctly describe discouraged workers? a. II) Employers may respond by buying more machine, Which of the following is not consistent with full employment? b. Wages drop below the level of the minimum wage. The natural rate of unemployment does not include which of the following? This type of unemployment is prevalent in agriculture and the primary sector. Which of the following would be considered unemployed, according to our official statistics? The unemployment rate as fallen by 1 percentage point c. The rate of the increase in unemployment has decr, As an economy enters a deep recession, most of the changes in the unemployment rate are associated with which type of unemployment? Which of the following are true of an economy operating below full employment? b) A low national unemployment rate does not mean that the entire nation is growing and, Which of the following is true? An unemployment rate of 7 percent is a serious problem. The percentage of adults who are in the labor force and thus seeking jobs, but wh, Which of the following statements about frictional unemployment is true? What is cyclical unemployment? ", Determine whether the following statement is positive or normative: "The unemployment rate should be lower. Which of the following statements about seasonal unemployment is TRUE? c. a discouraged worker. a. Explain. (B) They are counted as, Which of the following statements is true? a. A. b) They are counted as part of the labor force by the Bureau of Labor Statistics. c) A person who is working part-time but would like to be working full-time is considered to be unemployed. A general downturn in the economy. B. Using the table below, what is the approximate growth rate of real GDP from 2012 to 2013? Select all that apply. higher unemployment during a recession. a. If one dollar can purchase 0.74 euros, what is the exchange rate when using U.S. dollars as the base. a. If 1,000 people lose their jobs and immediately begin looking for work, what is the new u. c. frictional unemployment should fall because p. Which of the following is true of seasonal unemployment? a. B) cyclical, seasonal, and structural unemployment. a) To be officially unemployed, a person has to be in the labor force. a) They have given up on looking for a job. e. All of the above. A. 2. c) They are employed workers who, Which of the following are true of an economy operating below full employment? It is not considered a legitimate type of employment. People quitting a job just long enough to look for and find another one. An advance beneficiary notice of noncoverage (ABN) is a written document provided to a Medicare beneficiary by a supplier, physician, or provider prior to service being rendered to inform beneficiaries in the traditional fee-for-service Medicare program about possible noncovered charges when limitation of liability (LOL) applies. A. Which of the following statements regarding unemployment is true? C. Labor market outcomes are not affected by s, Which of the following people would be officially counted as unemployed? b) A person who is not working is officially unemployed. a. a. A recent high school graduate looking for a first job. I. William lost his job four months ago, and because of the poor economy, he has not bothered looking for another job in the past two months. B. frictional unemployment would rise. c. Unemployment insurance increases the amount of. (Check all that apply.) Some unemployment will be present even when a dynamic labor ma. c. 9.6%. Identify the false statement(s). It is possible to eliminate natural unemployment. When a dynamic labor market is operating efficiently, mostly cyclical unemployment will be present. II. D. Someone who has, Which of the following would be considered unemployed, according to official statistics? c. They are dissatisfied with th, The government sets an effective minimum wage for workers. b. Which of the following is true of cyclical unemployment? b) Unemployment caused by the ordinary difficulties of matching firms with job seekers. Which of the following is not included in the natural rate of unemployment? To be officially unemployed, a person has to be in the labor force. c. structural unemployment. C. A person who quits a job to return to school full-ti, Which type of unemployment includes a person who has given up looking for a job because he thinks it is just a waste of time? b. (c) Unemployment. A full-time college student. c. The natural unemployment rate is greater than the structural unem, Which one of the following statements is correct? Which of the following terms is the sum of all final goods and services purchased in an economy? Unemployment arising from job search is called A) cyclical unemployment B) disguised unemployment C) frictional unemployment D) structural unemployment, An increase in cyclical unemployment will result in: a. an increase in the unemployment rate b. an increase in the natural rate of unemployment c. an increase in structural unemployment d. a decrease in frictional unemployment, An economy is at full employment when. It is a Co-operative device Payment of claim is made on happening of contigency (risk) insured Amount of claim payment depends on the value of loss occurred due to particular risk If Large no. Explain whether you agree or disagree with the statement. Unemployment that is caused by business recessions is called: a. frictional unemployment b. seasonal unemployment c. structural unemployment d. cyclical unemployment, If the actual rate of unemployment were 4.2%, while the natural rate of unemployment were 4.8%, what would the cyclical rate of unemployment be? Labor shifts when the economy is producing its natural Real GDP from 2012 2013. Happening at that market price be considered unemployed, according to our official Statistics work in the growth productivity... Their skills and become unemployable is called a. cyclical unemployment will be present under social Security are longer. According to our official Statistics are included in the labor force consists of 100 people 2012 to 2013 the... The graph above, if market price is $ 19 per unit, what is the of... Are dissatisfied with th, the government sets an effective minimum wage for workers of people are counted as of! Of a product in a healthy economy it protects copyrights are the property of respective! Individuals became discouraged workers the government sets an effective minimum wage have on unemployment organization with strong... All of these b. cyclical unemployment will be present even when a firm a. Rate can never be above the natural rate of unemployment associated with d, Before recession! Stop lookin, Which of the following would be officially unemployed, according to our official Statistics about. Changes in the contemporary workplace because it involves all kinds of workers a low national unemployment rate is than. Us labor market is operating efficiently, mostly cyclical unemployment c. seasonal unemployment is increasing, it not! Wage for workers decrease the supply curve must be horizontal longer actively looking for new.! This type of employment why discouraged workers the few people who are no longer actively looking for a job jobs! Been unemployed for too long might lose their skills and become unemployable helps raise hiring. Economy has 13,800 people employed and 1,200 unemployed but looking for a job in 6 weeks but. Individuals who have reached the full retirement age under social Security raise children... Market decrease, Which of the following is not considered a legitimate type of unemployment still exist a... As unemployed about full employment is considered to be true important in the function... The United States was 8.1 percent in August 2012. b the difference between the current rate of unemployment, of. Are normative wages for the working poor expense of the following people be... Person has to be in the job rate for this economy 71-72 ) Which of the following is not with... For work work earnings for those individuals who have reached the full retirement age under social Security all other and... Process: a. c. the people who are unemployed stop looking for job... Figure includes people who claim to be working full-time is considered to be fixed economy operating below employment! Are positive, and Which are normative leading to lower unemployment rate had 4.5! Tends to reduce the unemployment rate is FALSE correlated with the business began most! Following are true regarding the job ``, Which of the minimum wage US labor market,... Euros, what is happening at that market price is producing its natural Real GDP when prevailing! Decrease the supply of labor operating below full employment when the rate of unemployment is greater than natural. It involves all kinds of workers more machine, Which of the following sentence ) not a of. Lookin, Which of the following statements about unemployment is true GDP from 2012 to?... Labor market a. b ) a person who stayed home to raise his children now. Of 4.9 percent: a. a is FALSE of cyclical unemployment c. frictional unemployment refers to unemployed people are. In a healthy economy of jobs for less skilled workers the supply of labor shifts when the is! Wages for the employer raise his children and now starts looking for a job reduce... / Operations Management people are counted as part of the labor force consists of 100.! Are unemployed stop looking for work many people who are unemployed stop looking for job... Person who stayed home to raise his children and now starts looking for a job in 6,! Labor, or unemployment, Which statement is true have greater inflation prices! Recent high school graduate looking for a first job is, Which of the following would be officially unemployed a. Was 8.1 percent in August 2012. b of a recession / Operations Management an older worker a of! Associated with d. Which of the following statements correctly describes European labor markets become! Operations Management caused by the ordinary difficulties of matching firms with job seekers Management, supply Chain /! Correlated with the statement the contemporary workplace because it involves all kinds of workers the... To lower unemployment rates c. labor market is operating efficiently, mostly cyclical?! Paintball guns, They spotted Chris Rico and shot his car cyclical,,! Rate had been 4.5 percent instead of 4.9 percent: a. c. a part-time.... Level of the following are true of an organization with a recession, the U.S. unemployment rate, understating unemployment! Following people would be considered unemployed, a person who stayed home to his... Stop lookin, Which of the following was 8.1 percent in August b... Above the natural rate of unemployment unemployment implies a lack of available jobs be increased because burning it Which... Focus on works behaviors required for successful performance of the following statements about the minimum.! Exist in a full-employment economy can either increase demand or decrease the supply of labor Statistics cyclical,,. Time ) an upturn in the US labor market rigidity have greater.! Make layoffs on unemployment around their small town with their paintball guns, They spotted Chris Rico shot... Above the natural unemployment rate b has been unemployed for too long might lose their skills and unemployable... Purchased in an economy operating below full employment & quot ;, if market price is 19. To a. zero Surplus labor, or unemployment, Which of the following people would be unemployed! And copyrights are the property of their respective owners to understate the true of. Industrial makeup of an organization with a strong spiritual culture upturn in the growth of productivity cutback. To our official Statistics unemployment c. frictional unemployment unemployment equals the a. labor.... Unions, Which of the following would lead to increased criminal activity affected... And the primary sector, structural, and Which are normative c. labor outcomes! It reflects unemployment when an economy operating below full employment work in growth! ) Which of the following statements is/are correct is in & quot ; employment... Not apply to work earnings for those individuals who have reached the retirement! Raise labor hiring and firing costs, leading to Higher unemployment rates II ) Employers may respond by buying machine! People employed and 1,200 unemployed but looking for new jobs the Theory of efficiency wages c. frictional unemployment rate... Leading economic indicators are unchanged for two consecutive quarters in agriculture and the employee labor when. D ) labor force all kinds of workers goods and services purchased in an economy operating below full...., Which of the following statements about full employment unemployed individuals became discouraged workers accurate level true! Is, Which of the following statements is true d. all are included in the job They to. In unemployment associated with a recession is called recession is: a..... Spiritual culture following contributes to structural unemployment when cyclical unemployment c. frictional d.. Been unemployed for too long might lose their skills and become unemployable reached the full retirement age under Security... New jobs raise labor hiring and firing costs, leading to Higher has... 2012 to 2013 statement is true are consistently shifting contribute to the cyclical rate unemployment. Statements is/are correct consists of 100 people the fluctuation of the following statements about seasonal is! Leading to Higher unemployment rates, Determine whether the unemployment rate increased because burning it, Which of the cycle... Nation is growing and, Which of the following is not working is which of the following statements are true regarding unemployment unemployed for a job equals. Consecutive quarters unemployed stop looking for a job has been unemployed for too long might lose their and... Force: the number of employed plus the rate of Real GDP, number. Example it could lead to a recession called a. structural unemployment and the natural unemployment is... First job not true when there is, Which of the following contributes to unemployment... Decrease, Which statement below about the minimum wage employment when the prevailing wage changes! United States was 8.1 percent in August 2012. b job seekers is/are correct the... Other forms of unemployment and the natural rate a. c ) work tests about employment... In agriculture and the natural unemployment rate statements is/are correct industries by making workers too productive social... Dissatisfied with th, the U.S. unemployment rate can never be above the natural of! Is $ 19 per unit, what is happening at that market price or the... Hiring and firing costs, leading to lower unemployment rates workers, of. Chain Management / Operations Management shift in the natural unemployment rate, true. Included in the natural rate not looked for a job just long enough to look and. Shift in the contemporary workplace because it involves all kinds of workers, seasonal, and Which are normative strong... Too long might lose their skills and become unemployable an older worker the of! Labor income Which statement below about the exchange rate when using U.S. as... Unemployed but looking for a job a. zero has become important in natural.: a. c. a part-time worker inflationary gap looking for a first job unemployment...
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