During a Sustained Economic Expansion

question 182

Multiple Choice

During a sustained economic expansion,

• A) the rate of unemployment will generally fall and the employment/population ratio will generally rise.
• B) the rate of unemployment will generally rise and the employment/population ratio will generally fall.
• C) both the rate of unemployment and the employment/population ratio will generally decline.
• D) both the rate of unemployment and the employment/population ratio will generally rise.

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Definitions:

Accounting Records

Documents and books that systematically record financial transactions of a business for accounting and audit purposes.

Outstanding Checks

Checks issued by a company that have not yet been cashed or cleared by the bank.

Bank Reconciliation

The procedure of aligning the balances found in an organization's financial records for a cash account with the similar data on a bank statement.

Recorded Incorrectly

Refers to transactions or entries that have been documented in an erroneous manner within the financial records.