Examlex
A computer-based information system that uses data recorded by transaction processing system as input into programs that produce routine reports as output is a(n) ________ system.
Long-run Unemployment
A situation where the unemployment rate persists at a high level for a long period of time, often due to structural changes in the economy.
Bureau of Labor Statistics
A U.S. government agency responsible for collecting and reporting data on employment, labor market activity, working conditions, and price changes.
Average Workweek
The average number of hours worked per week by employees in a specific sector or economy.
Natural Rate
The long-term rate of unemployment around which the job market is in balance, where all those willing to work at prevailing wage rates can find employment.
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