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Economics

All of the following are characteristics of short-term economic fluctuations EXCEPT:

a. expansions and recessions are felt throughout the economy.

b. expansions and recessions are irregular in length and severity

c. unemployment rises during recessions

d. durable-goods industries are less sensitive to short-term fluctuations than service and non-durable industries

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91230668

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