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
Q10: Of the following, the smallest income component
Q11: Actual output cannot grow faster than_ over
Q12: What is the correct ascending order of
Q13: A contraction or recession is the period
Q14: If the rate of change in output
Q16: Output gaps vary from year to year,
Q17: During a boom, which of the following
Q18: An expansion or boom is the period
Q19: The magnitude of cyclical fluctuations resulting from
Q20: The phase of the business cycle when
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents