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The Expansion and Contraction of the World Economy Since the Late

Question 2

Multiple Choice

The expansion and contraction of the world economy since the late 1700s is sometimes described in terms of long-term cycles in prices named after the Russian economist Kondratiev. How long on average is each entire growth-stagnation cycle?


A) 20 years
B) 50-55 years
C) 11-15 years
D) 40 years

Correct Answer:

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