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leisure (J2)<br />The alternative to work. LABOUR FORCE PARTICIPATION decisions are determined by the trade-off between work and leisure. Leisure confers UTILITY.
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capital-augmenting technical progress (03)<br />Technical progress which increases output even though the rate of investment remains the same as measured in machine hours.
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<strong>Unsubsidized loan</strong> – A loan that is not based on need and is NOT eligible for federal interest benefits. The borrower is responsible for the interest that accrues on any unsubsidized loan, including unsubsidized Federal Stafford Loans, Federal PLUS Loans, and Graduate PLUS Loans.
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