Your Professor Hands You a Piece of Paper with the Number

question 78

Multiple Choice

Your professor hands you a piece of paper with the number 75 on it and tells you this is your current average in the class. This is ________.

• A) data
• B) information
• C) knowledge
• D) wisdom

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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.