Multiple Choice
All of the following are characteristics of short-term economic fluctuations EXCEPT:
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) unemployment 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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