When We Say That Economic Fluctuations Are "Irregular and Unpredictable

question 28

Multiple Choice

When we say that economic fluctuations are "irregular and unpredictable," we mean that

• A)the relationship between output and unemployment is erratic and difficult to characterize.
• B)when one macroeconomic variable that measures income or spending is falling,other macroeconomic variables that measure income or spending are likely to be rising.
• C)recessions do not occur at regular intervals.
• D)All of the above are correct.

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Definitions:

Categorical Data

Data that represent characteristics and can be divided into groups or categories that do not involve a numeric value.

Quantitative Data

Numerical data that represent quantities and can be ordered or measured.

Observational Studies

Research methods that involve observing subjects in their natural environment without manipulating the variable of interest.

Numerical

Relating to numbers or the use of numbers, typically involving data or quantities that can be measured or quantified.