Which of the Following Statements Is NOT True

question 140

Multiple Choice

Which of the following statements is NOT true?

• A) A recession begins just after the economy reaches a peak of activity and ends as the economy reaches its trough.
• B) Between trough and peak, the economy is in an expansion.
• C) Between two peaks, the economy is in a recession.
• D) A complete business cycle is defined by the passage from one peak to the next.

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Definitions:

Premise

A basic idea or assumption that serves as the foundation for a further argument, statement, or theory.

Personal Benefits

Personal benefits are advantages or improvements to an individual's condition resulting from particular actions or investments, often relating to health, financial well-being, or quality of life.

Economic Theory

A set of principles and models that seeks to explain how economies work and the behaviors of economic actors.

Real-world Events

Occurrences or developments that happen in the physical world, beyond theoretical or hypothetical situations.