Which of the Following Statements Is FALSE

question 96

Multiple Choice

Which of the following statements is FALSE?

• A)The rate of change in economic activity is used to assess whether an economy is expanding or contracting.
• B)Short-term ups and downs in the economy are known as business cycles.
• C)During a recession,output and employment are falling.
• D)Business cycles are always symmetric-the length of an expansion is the same as the length of a contraction.

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Definitions:

Subsidiaries

Companies that are controlled by another company, known as the parent company, through ownership of a majority of voting stock.

Separate Return

A tax return filed by an individual or entity separately from other entities or individuals, particularly in the context of married couples filing separately.

Mutual Ownership

A type of ownership where two or more parties jointly own an asset or a company, sharing in its risks and profits.

Ownership Pattern

The distribution of ownership in a company, detailing the different types of shareholders and their respective shares.