The recession phase varies in duration and depth with each business cycle. It is not a fixed phase and can differ in length and severity depending on various factors such as the cause of the recession and how it is addressed. Therefore, options A, B, D, and E are incorrect.

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The Recession Phase

Question 37

Multiple Choice

The recession phase

A) is no longer a phase of the business cycle.
B) has the same duration and depth in all business cycles.
C) varies in duration and depth with each business cycle.
D) has the same depth in all business cycles.
E) has the same duration in all business cycles.

Correct Answer: