Asked by Smitty Hendrix on May 17, 2024
Verified
Economic fluctuations:
A) are linked,but not perfectly synchronized,across countries.
B) are perfectly synchronized across countries.
C) in one country are independent of fluctuations in other countries.
D) in the United States always occur after fluctuations in other developed economies.
E) in the United States usually occur before fluctuations in other developed economies.
Economic Fluctuations
Variations in the economic activity of a country over time, including periods of growth (expansions) and decline (recessions).
Synchronized
The process of operating or occurring at the same time or rate, ensuring coherence and coordination.
- Recognize the global interconnectedness of economic fluctuations and the effects of price levels on international trade.
Verified Answer
JD
Jeremy DavignonMay 23, 2024
Final Answer :
A
Explanation :
Economic fluctuations are linked across countries due to factors such as international trade and financial connections, but they are not perfectly synchronized. Differences in government policies, economic structures, and global events can all lead to variations in the timing and severity of economic fluctuations across countries.
Learning Objectives
- Recognize the global interconnectedness of economic fluctuations and the effects of price levels on international trade.