Identify a valid trend observed in U.S. business cycles since 1933.
A) Contractions lasted for more than two years on an average.
B) There were only two or three complete cycles.
C) There have been no recessions since 1979.
D) Expansions generally lasted longer than contractions.
E) Each cycle lasted longer than the previous one.

Question

Quizplus · Accepted Answer

This trend has been observed in U.S. business cycles since 1933, as expansions have generally lasted longer than contractions.

Identify a Valid Trend Observed in U