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

question 161

Multiple Choice

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

• A) expansions and recessions are felt throughout the economy.
• B) expansions and recessions are irregular in length and severity.
• C) unemployment rises during recessions.
• D) durable-goods industries are less 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:

Organizational Change

The processes, strategies, and outcomes involved in altering the structure, practices, or culture of an organization.

External Environment

The aggregate of all conditions, entities, events, and factors surrounding and influencing an organization, outside its immediate boundaries.

Design Competitions

Contests or challenges where individuals or teams compete to create the most effective or innovative design solutions within set parameters.

Potential Innovators

are individuals or entities that have the capacity to generate new ideas, products, or methods, often leading to significant advancements in their field.