When We Say That Economic Fluctuations Are "Irregular and Unpredictable

question 28

Multiple Choice

When we say that economic fluctuations are "irregular and unpredictable," we mean that

• A)the relationship between output and unemployment is erratic and difficult to characterize.
• B)when one macroeconomic variable that measures income or spending is falling,other macroeconomic variables that measure income or spending are likely to be rising.
• C)recessions do not occur at regular intervals.
• D)All of the above are correct.

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Definitions:

Frequency Distribution

A summary of how often each different value occurs in a dataset, typically represented in a table or graph.

Pie Graph

A type of graph in which a circle is divided into sectors that each represent a proportion of the whole.

Frequency Distribution

A statistical tool showing how the numbers are distributed across various values in a dataset.

Sample

A subset of a larger population selected for measurement, observation, or questioning to provide statistical information about the whole.