Economic growth is said to be persistent,meaning that if the economy is in an expansion this quarter,it will probably ________.
A) experience zero growth next quarter
B) experience negative growth next quarter
C) experience positive growth next quarter
D) be completely unpredictable next quarter

Question

Quizplus · Accepted Answer

Economic growth is said to be persistent, which means that if the economy is in an expansion this quarter, it is likely to experience positive growth next quarter as well. This is because economic growth is driven by underlying factors such as investment, consumption, and government spending, which tend to vary slowly over time and are not subject to rapid changes. Therefore, it is reasonable to assume that if the economy is growing this quarter, there is a high chance that it will continue to grow in the next quarter as well.

Economic Growth Is Said to Be Persistent,meaning That If the Economy