All of the following are characteristics of short-term economic fluctuations EXCEPT:
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) unemployment rises during recessions.
D) durable-goods industries are more sensitive to short-term fluctuations than service and non-durable industries.
Correct Answer:
Verified
Q1: A boom is:
A)a period in which the
Q5: A period in which the economy is
Q16: In reference to short-term economic fluctuations, the
Q19: The duration of a recession is from:
A)
Q20: The longest expansion of the United States
Q23: Typically unemployment _ during a recession and
Q24: The duration of an expansion is from:
A)
Q25: The dates of the "official" peaks and
Q26: Recessions begin at _ and end at
Q50: Short-term economic fluctuations are _ in length
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents