Which of the following does not describe a characteristic of short-term economic fluctuations?
A) Expansions and recessions are felt in only a few sectors of the economy.
B) Expansions and recessions are irregular in length and severity.
C) The unemployment rate rises during recessions.
D) Durable-goods industries are more sensitive to short-term fluctuations than service and non-durable industries.
Correct Answer:
Verified
Q17: An expansion is:
A)a period in which the
Q18: In reference to short-term economic fluctuations, the
Q19: The following data give the dates
Q20: The longest expansion of the United States
Q21: The following data give the dates
Q23: Since 1925, the longest recession in the
Q24: Indicators of economic activity that move at
Q25: Economic activity moves from a trough into
Q26: Since 1925, the longest expansion in the
Q27: Refer to the accompanying figure. 
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