Which of the following statements about U.S. business cycles since 1945 is true?
A) Expansions are shorter and recessions are longer.
B) Expansions are longer and recessions are shorter.
C) Expansions and recessions are shorter.
D) Expansions and recessions are longer.
E) The duration of expansions and recessions have remained roughly the same.

Question

Quizplus · Accepted Answer

According to data from the National Bureau of Economic Research, the average duration of expansions since 1945 is 58 months, while recessions last an average of 11 months. This indicates that expansions are generally longer and recessions are shorter in the U.S. business cycle since 1945.

Which of the Following Statements About U