43. All of the following are characteristics of short-term economic fluctuations EXCEPT:?

Question

43. All of the following are characteristics of short-term economic fluctuations EXCEPT:

A. expansions and recessions are felt throughout the economy.

B. expansions and recessions are irregular in length and severity.

C. unemployment falls sharply during recessions.

D. durable-goods industries are more sensitive to short-term fluctuations than service and

non-durable industries.

E. recessions tend to be followed by a decline in inflation.

44. An expansion is:

A. a period in which the economy is growing at a rate significantly below normal.

B. a period in which the economy is growing at a rate significantly above normal.

C. the high point of economic activity prior to a downturn.

D. the low point of economic activity prior to a recovery.

E. a particularly severe or protracted recession.

Answer 1

C. unemployment falls sharply during recessions.

B. a period in which the economy is growing at a rate significantly above normal.

Answer 2

43. All of the following are characteristics of short-term economic fluctuations EXCEPT:

correct answer:

C. unemployment falls sharply during recessions.

44. An expansion is:

correct answer:

B. a period in which the economy is growing at a rate significantly above normal.