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

question 156

Multiple Choice

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

• A) expansions and recessions are felt throughout the economy.
• B) recessions occur at regular and predictable intervals.
• 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.

---

Definitions:

Intrinsic Rate

Intrinsic rate, often mentioned in ecological contexts, refers to the maximum potential growth rate of a population under ideal conditions, where resources are unlimited and environmental factors are optimal.

Wolf Population

Wolf population refers to the total number of wolves living in a particular area, subject to factors such as habitat, prey availability, and human impact.

Environmental Limits

The boundary conditions of the environment that determine the survival, growth, and reproduction of organisms, including factors like temperature, moisture, nutrient availability, and pH.

Population

A community of the same species members who live and interact with each other in a particular area.