Which of the following is correct?
A) Economic fluctuations are easily predicted by competent economists.
B) Recessions have never occurred very close together.
C) Other measures of spending,income,and production do not fluctuate closely with real GDP.
D) None of the above is correct.

Question

Quizplus · Accepted Answer

Option A is not correct because economic fluctuations are unpredictable and can be affected by numerous factors. Option B is also incorrect because there have been instances of recessions occurring in close proximity to each other. Option C is not true because other measures such as retail sales, industrial production, and employment tend to move in tandem with real GDP. Therefore, none of the options are correct.

Which of the Following Is Correct