Which statement best characterizes how economic fluctuations affect the global economy?
A) Economic fluctuations can be experienced by the world economy as well as by a single nation.
B) Economic fluctuations tend to be equal in length and intensity regardless of country.
C) Economic fluctuations have become more severe since the government has attempted to stabilize the economy.
D) Economic fluctuations have been completely offset by appropriate government policy during the last 40 years.

Question

Which statement best characterizes how economic fluctuations affect the global economy?  
A) Economic fluctuations can be experienced by the world economy as well as by a single nation. 
B) Economic fluctuations tend to be equal in length and intensity regardless of country. 
C) Economic fluctuations have become more severe since the government has attempted to stabilize the economy. 
D) Economic fluctuations have been completely offset by appropriate government policy during the last 40 years.

Quizplus · Accepted Answer

Economic fluctuations affect both the world economy and individual nations. However, the impact and duration of the fluctuations may differ from country to country depending on various factors such as economic policies, level of development, and global trade relations. B, C, and D are incorrect as economic fluctuations can vary in length and intensity, government policies may not always stabilize the economy, and economic fluctuations have not been completely offset by government policy in the last 40 years.

Which Statement Best Characterizes How Economic Fluctuations Affect the Global