Which of the Following Statements Is FALSE

Multiple Choice

Which of the following statements is FALSE?

A) Short- term ups and downs in the economy are known as business cycles.
B) Business cycles are always symmetric - the length of an expansion is the same as the length of a contraction.
C) The rate of change in economic activity is used to assess whether an economy is expanding or contracting.
D) During a recession, output and employment are falling.