Multiple Choice
Business cycles are highly irregular in practice since
A) growth is very rapid in a recovery but declines slowly in the downturn, so recoveries last a short time whereas downturns occur very slowly.
B) the length of each stage can vary.
C) the magnitude of each stage can vary.
D) booms are short- lived, while recessions last a long time.
E) B and C F) A and D
Correct Answer:
Verified
Correct Answer:
Verified
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