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