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:

General Survey

A comprehensive examination or assessment of a wide range of subjects or areas within a specific field or context.

Federal Government

The national government of a federated state, which is responsible for the areas of governance assigned to it by the constitution.

Big Corporations

Large and influential companies that have significant control over their respective markets, often playing a crucial role in economic and political issues.

Wall Street Investors

refers to individuals or entities engaging in the purchase and sale of financial instruments such as stocks, bonds, and other securities within the financial markets based in the Wall Street area of New York City.