Which of the Following Is True of Economic Fluctuations

question 88

Multiple Choice

Which of the following is true of economic fluctuations?

• A)They can be experienced by the world economy as well as by a single nation.
• B)They tend to be equal in length and intensity.
• C)They reflect an economy's socio-political condition.
• D)They tend to become more severe when the government attempts to stabilize an economy.
• E)They have been completely offset by appropriate government policies during the last 40 years.

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Definitions:

Imposter Rule

A legal principle that addresses the liability for fraud when an impostor defrauds a third party.

Forged

Refers to the illegal modification or creation of a document, artwork, or object with the intent to deceive or defraud by passing it off as genuine.

Liability

The state of being legally responsible for something, especially in terms of debts or damages.

Alteration

An unauthorized change to an instrument that modifies the obligation of a party to the instrument.