Which of the Following Is True of Economic Expansions

question 59

Multiple Choice

Which of the following is true of economic expansions?

• A) Governments can correctly predict the duration of economic expansions.
• B) Economic expansions are defined as the periods between recessions.
• C) Output grows and unemployment is high during periods of economic expansion.
• D) Consumption increases but investment falls during periods of economic expansion.

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Definitions:

Sales Mix

The proportion of different products or services that make up a company's total sales.

Composite Mix

A method or strategy combining different products, services, or resources to achieve a desired outcome or performance in business.

Multiproduct Company

A business that produces and sells more than one type of product.

External Financial Reporting

The process of providing financial information to external users, such as investors or creditors, to help in decision-making.