Which of the following is true about U.S.business cycle activity since 1933?
A)There has been only one business cycle in the last 30 years.
B)There have been only two or three complete cycles.
C)There have been no recessions since 1979.
D)Expansions have generally lasted longer than contractions.
E)Each cycle has lasted longer than the previous one.

Question

Quizplus · Accepted Answer

Data shows that since 1933, the expansions have generally lasted longer than the contractions. There have been some fluctuations in this trend, but as an overall pattern, this is true.

Which of the Following Is True About U