Which statement is TRUE about business cycles?
A) They all have the same approximate length.
B) Every cycle is unique.
C) Each recession causes the same amount of unemployment.
D) The intensity tends to be constant from recession to recession, but the duration differs.

Question

Quizplus · Accepted Answer

Business cycles are influenced by a variety of economic factors and can vary greatly in length, intensity, and cause. Therefore, every cycle is unique and different from the others.

Which Statement Is TRUE About Business Cycles