Business cycles vary in:
A)The length of recessions only
B)The time between recessions only
C)Both the length of recessions and the time between recessions
D)None of the answers given is correct; business cycles are by definition recurring waves that rise and fall in a periodic pattern

Question

Quizplus · Accepted Answer

Business cycles vary in both the length of recessions (contractionary periods) and the time between recessions (expansionary periods). Business cycles are not necessarily fixed in length or timing and can be affected by various economic factors such as monetary policy, government spending, and external shocks. Therefore, the best answer is C, as both factors vary in business cycles.

Business Cycles Vary In