Which of the Following Is Correct

question 31

Multiple Choice

Which of the following is correct?

• A)Short run fluctuations in economic activity happen only in developing countries.
• B)During economic contractions most firms experience rising profits.
• C)Recessions come at irregular intervals and are easy to predict.
• D)When real GDP falls,the rate of unemployment generally rises.

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Definitions:

National Debt

The total amount of money that a country's government has borrowed by various means, including foreign governments and private investors.

Future Generations

The forthcoming populations that will live on Earth in the future, whose interests are considered in sustainable development and environmental conservation.

Debt Service

The cash required to cover the repayment of interest and principal on a debt for a particular period.

Biennial Budgets

Budgets that are planned and approved for a two-year period, often used by governments to manage finances and resources more efficiently.