Which of the following is correct?
A)Economic fluctuations are easily predicted by competent economists.
B)Recessions have never occurred very close together.
C)Spending,income,and production do not fluctuate closely with real GDP.
D)None of the above is correct.

Question

Quizplus · Accepted Answer

Option A is incorrect because economic fluctuations are not always predictable, and there is no certainty in economics. Option B is incorrect as history has shown recessions can occur very close together as seen in the early 1980s, the early 2000s, and the 2008-2009 recession. Option C is incorrect because spending, income, and production are closely related to real GDP, which is a measure of the economy's overall performance. Therefore, the correct option is D, none of the above.

Which of the Following Is Correct