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.
Correct Answer:

Verified
Correct Answer:
Verified
Q23: Which of the following is correct?<br>A)Economic fluctuations
Q24: During recessions employment typically<br>A)falls substantially.As the recession
Q25: During recessions investment<br>A)falls by a larger percentage
Q26: Which part of real GDP fluctuates most
Q27: Below are pairs of GDP growth rates
Q29: During recessions,income<br>A)and unemployment both rise.<br>B)rises and unemployment
Q30: Which of the following is correct?<br>A)Over the
Q31: Which of the following is correct?<br>A)Short run
Q32: Real GDP<br>A)moves in the opposite direction as
Q33: Many macroeconomic variables<br>A)fluctuate together and by different