Which of the Following Statements Is FALSE

question 67

Multiple Choice

Which of the following statements is FALSE?

• A) Short- term ups and downs in the economy are known as business cycles.
• B) Business cycles are always symmetric - the length of an expansion is the same as the length of a contraction.
• C) The rate of change in economic activity is used to assess whether an economy is expanding or contracting.
• D) During a recession, output and employment are falling.

---

Definitions:

Contingency Approach

A management theory that suggests the best course of action in business or decision-making depends on the specific circumstances or factors present at the time.

Walter A. Shewart

An American statistician and engineer, known for his works in the field of quality control and the development of the control chart.

Statistical Quality Control

A methodical approach to managing quality that uses statistical techniques to monitor and control processes and outputs.

Bell Laboratories

An industrial research and scientific development company renowned for its significant contributions to technology and science, originally part of AT&T and later Nokia.