Economic fluctuations are defined as
A)alternating periods of significant GDP growth and decline.
B)events only encountered in developing countries.
C)periods of stable economic growth.
D)alternating periods when the unemployment rate rises above and below zero.

Question

Quizplus · Accepted Answer

Economic fluctuations refer to the ups and downs in economic activity and are characterized by alternating periods of significant GDP growth and decline. They are a common occurrence in both developed and developing countries. Option B is incorrect as economic fluctuations occur in all countries. Option C is incorrect as economic fluctuations are not periods of stable economic growth. Option D is incorrect as the unemployment rate cannot go below zero.

Economic Fluctuations Are Defined as