In the United States since 1929, the duration of recessions on average has been:
A) longer than the duration of expansions.
B) shorter than the duration of expansions.
C) steadily decreasing.
D) steadily increasing.
Correct Answer:
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Q9: In reference to short-term economic fluctuations, the
Q10: A period in which the economy is
Q11: A depression is:
A)a particularly severe and protracted
Q12: During recessions, the change in real GDP
Q13: The duration of a recession is measured
Q15: The following data give the dates
Q16: The longest and most severe recession in
Q17: An expansion is:
A)a period in which the
Q18: In reference to short-term economic fluctuations, the
Q19: The following data give the dates
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