Which of the Following Statements Is False

Multiple Choice

Which of the following statements is false?

A) Economic fluctuations include recessions and rapid expansions.
B) Economic fluctuations seem to have diminished in severity.
C) Economic fluctuations are an important subject in the study of economics.
D) Economic fluctuations did not occur until the twentieth century.
E) Economic fluctuations are departures from the long-run growth trend.