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Keshia is doing research on the effect of birth order on personality. Rather than collecting data on a new set of subjects, she is analysing hundreds of studies that have already been done on this topic and is going to attempt to come up with an overall estimate of what all these other studies have found. What sort of study is Keshia doing?
Unemployed
Refers to individuals who are without a job but are actively seeking work.
Contraction
The downturn of the business cycle, when real GDP is declining.
Recovery Phase
A period within the economic cycle where activity rebounds following a recession, characterized by increasing GDP, employment, and investment.
Expansion
In economics, expansion refers to a phase of the business cycle where the economy grows and output increases, often characterized by rising employment and income.
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