Predicting when an expansion will end is ________; predicting when a recession will end is ________.
A) difficult; difficult
B) difficult; easy
C) easy; difficult
D) easy; easy

Question

Quizplus · Accepted Answer

Predicting when an expansion will end is difficult because there are many factors at play and it is hard to know when they will all align to bring about a downturn. Predicting when a recession will end is also difficult because there is a lot of uncertainty around how long it will take for economic conditions to improve and for consumers and businesses to regain confidence. While there are some indicators that can give clues as to when a recession may be ending, making accurate predictions is still challenging.

Predicting When an Expansion Will End Is ________; Predicting When