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Which of the following expressions is valid for the price elasticity of demand?
Unemployment Rate
The percentage of the labor community that is jobless and in active pursuit of employment.
Cyclical Unemployment
Joblessness attributable to fluctuations in the economic cycle, such as recessions, leading to reduced demand for goods and services.
Unemployment Rate
The proportion of the employable population that is not working but actively looking for work.
Recovery Phase
A stage of the economic cycle where activity starts increasing again after a downturn, leading to higher employment and output levels.
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