Which of the following does not describe a characteristic of short-term economic fluctuations?
A)Expansions and recessions are felt throughout the economy.
B)Expansions and recessions are irregular in length and severity.
C)The unemployment rate rises during recessions.
D)Durable-goods industries are less sensitive to short-term fluctuations than service and non-durable industries.

Question

Quizplus · Accepted Answer

Durable goods purchases can often be postponed until the recession has passed. Thus, industries that produce durable goods, like cars and appliances, are more sensitive to the business cycle than are other industries.

Which of the Following Does Not Describe a Characteristic of Short-Term