All of the following statements are correct EXCEPT:
A)Economies grow steadily over time.
B)There are unemployed people even during expansions.
C)Unemployment increases during recessions.
D)A trade surplus exists when a country exports more than it imports.

Question

Quizplus · Accepted Answer

Note that while economies often grow over time, that growth is hardly ever steadily. Instead, economies go through short-term fluctuations know as recessions and expansions as it try to reach its goal of long-term growth.

All of the Following Statements Are Correct EXCEPT