Economic Fluctuations Quiz

Economic fluctuations refer to the increase or decrease in national income, indicating the growth or contraction of the economy.

The two main changes in economic fluctuations are expansion and depression.

Variations in economic activities such as production and employment are the driving factors of economic fluctuations.

<p>Economic fluctuations are considered normal and natural because global economic statistics indicate that economies are constantly growing or shrinking.</p> Signup and view all the answers

<p>An increase in national income signifies economic growth.</p> Signup and view all the answers