Multiple Choice
Which of the following statements about U.S. business cycles since 1945 is true?
A) Expansions are shorter and recessions are longer.
B) Expansions are longer and recessions are shorter.
C) Expansions and recessions are shorter.
D) Expansions and recessions are longer.
E) The duration of expansions and recessions have remained roughly the same.
Correct Answer:
Verified
Correct Answer:
Verified
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