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 both in the length of recessions and the time between recessions. They are not necessarily a fixed length or time frame, but rather fluctuate and are influenced by various economic factors such as inflation, unemployment, and consumer spending. Thus, business cycles do not occur in a predictable or periodic pattern every time.

Business Cycles Vary In