Yes. The Select Resource has a few behaviors that happen without an obvious visual representation of it within the script editor; this is one of them as long as you don't intervene with a Goto step or something. The caller will retain their position in queue, all statistics (e.g. Wait Duration) will continue to increment, and the next agent will be rang automatically if one is available. When all agents are exhausted the contact will be shunted back to the top of the Queued branch automatically. Every time an agent RNAs and the caller has to return to the Queued branch they will start from the top; it does not pick up where they left off in that loop. This means that if you have some logic that you only want to happen once (e.g. play their position in queue or estimated wait duration) then you would need to wrap that inside an If step with a boolean variable that gets toggled after it is played once.
