Which of the Following Is Correct

question 410

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 rises.

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Definitions:

Retail Business

Enterprises that sell goods directly to consumers, typically through physical stores or online platforms, involving direct interaction with end-users.

Business Revenues

The income that a business receives from its normal business activities, usually from the sale of goods and services to customers.

Obtain Resources

The act of securing the assets, finances, or materials required by a business or organization to operate and achieve its objectives.

Corporation

A legal entity that is separate and distinct from its owners, capable of owning property, carrying on business, and suing or being sued.