A review of economic data suggests that:
A)Expansions are shorter than recessions
B)Business cycles are recurrent and periodic
C)Over the last fifty years, recessions are becoming more common
D)Recessions are shorter in duration than expansions

Question

Quizplus · Accepted Answer

Historically, economic expansions tend to last longer than recessions. Recessions are typically shorter periods of economic decline, while expansions are longer periods of growth.

A Review of Economic Data Suggests That