Marjorie Maintains That She Can Predict When the Economy Is

Multiple Choice

Marjorie maintains that she can predict when the economy is going to move up or down in a business cycle. In fact:

A) Most economists can predict the business cycle.
B) The business cycle is quite regular, with a new phase beginning every 24 months.
C) Business cycles are irregular and unpredictable in the short run.
D) Only the World Bank can predict moves in the business cycle.