Typically, business cycles:
A) have short and sharp recessions, followed by long and gradual expansions.
B) last over 20 years.
C) do not display persistence.
D) have short and sharp expansions, followed by long and gradual recessions.
Correct Answer:
Verified
Q2: An economy's potential output level is:
A)the output
Q3: Which of the following correctly describes the
Q4: The four stages of the business cycle
Q5: How many stages are in the business
Q6: To say that business cycles are persistent
Q8: Which of the following stages of the
Q9: Which of the following indicators will probably
Q10: Which of the following will probably rise
Q11: Which of the following will rise when
Q12: Which of the following will rise when
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