Question

Which of the following is correct? Use letters in alphabetical order to select options

A Sometimes recessions are close together.

B Recessions have never occurred very close together.

C Spending, income, and production do not fluctuate closely with real GDP.

D Economic fluctuations are easily predicted by competent economists.

Answer 1

The correct answer is letter "A": Sometimes recessions are close together.

Step-by-step explanation:

Recessions are downturn economic periods that are declared after two consecutive quarters with negative results. Recessions are not necessarily long-term periods. They sometimes are two consecutive slowdowns in the overall economy that last six months that later are followed by an uptrend. In some other cases, it takes years until there is a sign of recovery. For instance, in the U.S. during the '70s and '80s, there were two consecutive recession periods.