Which of the Following Statements Is False

question 112

Multiple Choice

Which of the following statements is false?

• A)Economic fluctuations include recessions and rapid expansions.
• B)Economic fluctuations seem to have diminished in severity.
• C)Economic fluctuations are an important subject in the study of economics.
• D)Economic fluctuations did not occur until the twentieth century.
• E)Economic fluctuations are departures from the long-run growth trend.

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Definitions:

Distributor

An intermediary entity between the producer of a product and another entity in the distribution channel or supply chain, such as a retailer or end consumer.

Manufacturer Profit

The financial gain a manufacturing company obtains from producing and selling its goods, calculated by subtracting costs from revenue.

Retailer Profit

The financial gain that a retailer earns from selling products or services, after subtracting the costs of purchasing or producing those items.

Short Term

A period of time that is immediate or not very long, often referring to plans or investments spanning a few months to a year.