Multiple Choice
Which of the following does not describe a characteristic of short-term economic fluctuations?
A) Expansions and recessions are felt in only a few sectors of the economy.
B) Expansions and recessions are irregular in length and severity.
C) The unemployment rate rises during recessions.
D) Durable-goods industries are more sensitive to short-term fluctuations than service and non-durable industries.
Correct Answer:
Verified
Correct Answer:
Verified
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