The Following Graph Shows Stock Prices During the Period 1980-2019

The following graph shows stock prices during the period 1980-2019.

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Based on the information presented in the graph, which of the following statements is true?

A) There is no relation between the stock market and the business cycle.
B) The stock market typically declines during recessions.
C) The recession in the early 2000s had a bigger impact on the stock market than the recession in the late 2000s.
D) There is a nearly perfect correlation between the stock market and the business cycle.