Multiple Choice
Which of the following statements is FALSE?
A) Business cycles are recurring periods of growth and decline in an economy's real GDP.
B) All business cycles go through the same sequence of phases.
C) The length of time in each phase differs from business cycle to business cycle.
D) After World War II the recession phases of business cycles became deeper and longer than previously.
Correct Answer:
Verified
Correct Answer:
Verified
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