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Explore the diverse types of unemployment, including frictional, structural, cyclical, and seasonal, with an emphasis on cyclical unemployment in Satish Kumar's The Cyclical Economy. Understand the definition of cyclical deficit and how cyclical risk contributes to economic instability, illustrated through real-world examples from economic literature. Gain insights into the interconnectedness of economic cycles and their impact on job markets.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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