Which of the Following Statements Is False

Multiple Choice

Which of the following statements is false?

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