Which of the Following Is Correct

question 23

Multiple Choice

Which of the following is correct?

• A)Economic fluctuations are easily predicted by competent economists.
• B)Recessions have never occurred very close together.
• C)Spending,income,and production do not fluctuate closely with real GDP.
• D)None of the above is correct.

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Definitions:

Markdown

A reduction in the selling price of goods, typically to clear old stock or attract customers.

Breakeven

The point at which costs or expenses and income are equal, and there is no net loss or gain.

Mark-up

The amount added to the cost price of goods to cover overhead and profit; a percentage of the cost price.

Breakeven

A financial situation where revenue equals costs, resulting in neither profit nor loss.