Asked by Alexa Warson on Apr 24, 2024

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Which of the following is true of economic fluctuations?

A) They can be experienced by the world economy as well as by a single nation.
B) They tend to be equal in length and intensity.
C) They reflect an economy's socio-political condition.
D) They tend to become more severe when the government attempts to stabilize an economy.
E) They have been completely offset by appropriate government policies during the last 40 years.

Economic Fluctuations

The rise and fall of economic activity relative to the long-term growth trend of the economy; also called business cycles

World Economy

The global network of economic activities, trade, and financial systems that transcend national borders, facilitating international cooperation and competition.

Government Stabilize

Refers to actions taken by the government to reduce economic fluctuations and maintain economic stability.

  • Absorb the essentials of economic changes, featuring recessions and expansions and their indicators.
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RS
Rajdeep Sahota7 days ago
Final Answer :
A
Explanation :
Economic fluctuations can occur on a global scale or within a single nation. They are not necessarily equal in length or intensity, and while they may be influenced by socio-political factors, they are primarily driven by economic factors such as inflation, unemployment, and changes in demand and supply. Government policies can have both positive and negative effects on economic fluctuations, and while some fluctuations may have been mitigated by policies in the past, it is not accurate to say that they have been completely eliminated.