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. The unemployment rate rises during recessions.
C. Durable-goods industries are more sensitive to short-term fluctuations than service and non-durable industries.
D. Expansions and recessions are irregular in length and severity.
Answer: A
Economics
You might also like to view...
In the United States, the observed Phillips curve is
A) unstable over time. B) stable over time. C) never discernible. D) not a curve, but a straight line.
Economics
All of the following are part of M2 except one. Which is the exception?
a. Money market deposit accounts b. Coins c. Traveler's checks d. Large-denomination time deposits e. Savings deposits
Economics