Multiple Choice
Which of the following describes the historical record of the business cycle in the United States?
A) The economy experiences an expansion about once every 20 years.
B) Severe depressions have occurred frequently throughout history.
C) Recessions have occurred every 25 years and are followed by two years of expansion.
D) Periods of contraction seem to have gotten shorter over time.
Correct Answer:
Verified
Correct Answer:
Verified
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