CFA Practice Question

CFA Practice Question

Which of the following is incorrect?
A. When unemployment is measured, all adults of working age (except for retirees and disabled) who are not employed are counted.
B. A depression is a recession that has a sharp decline in economic activity and is prolonged.
C. The duration and intensity of business cycles are irregular and unpredictable.
Explanation: When unemployment is measured, all adults of working age (except for retirees, students, household worlds and disabled) who are not employed are counted. Unemployed are those who are in the workforce, do not have a job and are seeking work.

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