When We Say That Economic Fluctuations Are "Irregular and Unpredictable

question 28

Multiple Choice

When we say that economic fluctuations are "irregular and unpredictable," we mean that

• A)the relationship between output and unemployment is erratic and difficult to characterize.
• B)when one macroeconomic variable that measures income or spending is falling,other macroeconomic variables that measure income or spending are likely to be rising.
• C)recessions do not occur at regular intervals.
• D)All of the above are correct.

Understand the principles and implications of utilitarianism.

Recognize the differences between rational ethics and utilitarianism.

Identify the concept of utility thinking and its role in ethical decision-making.

Distinguish between negative rights theory and positive law.

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Definitions:

Novelty

The quality of being new, original, or unusual.

Relational Stages

The various phases that relationships go through, from initial formation and intensification to possible decline and dissolution.

Progressing Speed

The rate at which something moves forward or develops.

Reflective Turning Point

Event that signals a change in the way a relationship is defined.