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

Recessions are typically shorter in duration than expansions. Expansions, periods of economic growth, generally last longer than recessions, which are periods of economic decline. This pattern is observed in economic data over time, indicating that economies spend more time in expansion than in recession.

A Review of Economic Data Suggests That