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

question 24

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 more sensitive to short-term fluctuations than service and non-durable industries.
• E) recessions tend to be followed by an increase in inflation.

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Definitions:

Analogies

Comparisons made between two things that are otherwise unlike, but have some similarities, often used to explain or argue.

Critical Thinking

Thinking reflectively and productively, and evaluating the evidence.

Single Correct Answer

A concept often applied in standardized testing or traditional education settings where questions are designed to have only one right answer.

Imitate

The action of copying the behaviors, movements, or expressions of another person as a method of learning or social interaction.