Question

Which of the following does not describe a characteristic of short-term economic fluctuations?

Select one:

A. Expansions and recessions are irregular in length and severity.

B. The unemployment rate rises during recessions.

C. Expansions and recessions are felt in only a few sectors of the economy.

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

Answer 1

Option C does not describe a characteristic of short-term economic fluctuations.

Step-by-step explanation:

Of the given options, option C does not describe a characteristic of short-term economic fluctuations. The statement that expansions and recessions are felt in only a few sectors of the economy is not accurate. In reality, expansions and recessions affect the entire economy, although certain sectors may be impacted to a greater extent than others.