All of the Following Are Characteristics of Short-Term Economic Fluctuations

question 47

Multiple Choice

All of the following are characteristics of short-term economic fluctuations EXCEPT

• A) expansions and recessions are felt in only a few sectors of the economy.
• B) expansions and recessions are irregular in length and severity.
• C) unemployment rises during recessions.
• D) durable-goods industries are more sensitive to short-term fluctuations than service and non-durable industries.
• E) recessions tend to be followed by a decline in inflation.

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Definitions:

Internal Causes

Internal causes are factors or conditions within an individual or entity that contribute to specific outcomes or behaviors.

Former Employer

An employer with whom an individual used to work in the past but no longer has a working relationship.

Major Elements

The primary or most important components that make up a system, structure, or compound.

Perceptual Process

The sequence of steps through which individuals select, organize, and interpret sensory information to understand the world around them.