Which of the Following Is Correct

question 374

Multiple Choice

Which of the following is correct?

• A)Short run fluctuations in economic activity happen only in developing countries.
• B)During economic contractions most firms experience rising sales.
• C)Recessions come at regular intervals and are easy to predict.
• D)When real GDP falls, the rate of unemployment rises.

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Definitions:

Federal Legislation

Laws enacted by the national government of a country, which supersede state or provincial laws where conflicts arise.

Provincial Legislation

Laws and regulations enacted by the legislative authority of a province or territory in a country.

Fundamental Justice

A principle underlying the legal system that ensures fair legal processes and respect for human rights.

Parliamentary Supremacy

The principle that Parliament has the supreme authority to make or repeal any law.