Which of the following is a true statement about the length of recessions and expansions in the Australian economy?
A)After 1950, the length of expansions equalled the length of recessions.
B)After 1950, the length of expansions were much less than the length of recessions.
C)After 1950, the length of expansions were much longer than the length of recessions.
D)After 1950, the length of expansions were brief and almost non-existent.

Question

Quizplus · Accepted Answer

After 1950, the length of expansions in the Australian economy were generally longer than the length of recessions. This is supported by data from the Reserve Bank of Australia, which shows that the average length of expansions from 1950-2018 was 60.4 months, while the average length of recessions was 11.1 months.

Which of the Following Is a True Statement About the Length