Multiple Choice
Business cycles are highly irregular in practice because
A) in a recovery growth is very rapid but, in a downturn, growth declines quickly so recoveries last a short time but 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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