An Employee Records the Number of Customers That Arrive at a Retail

question 19

True/False

An employee records the number of customers that arrive at a retail store today. This is an example of collecting information.

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Definitions:

Cyclical Unemployment

This refers to unemployment that occurs due to fluctuations in the economy, often increasing during a recession and decreasing during an economic expansion.

Unemployment Rate

The fraction of the working population that is not employed and is on the lookout for work.

Recovery

The phase of the business cycle in which economic activity picks up and the economy begins to grow after a recession.

Business Cycle

The fluctuations in economic activity that an economy experiences over a period of time, including periods of expansion and contraction.