Business cycles in the United States
A)tend to occur at regular intervals and are periodic.
B)tend to recur at irregular intervals,but are usually of the same length.
C)were quite common before World War II but have not occurred in the postwar period.
D)tend to have expansions that last longer than the recessions.

Question

Quizplus · Accepted Answer

Business cycles in the United States are characterized by periods of expansion and recession, where expansions typically last longer than the recessions. This pattern has been observed over many decades, indicating that while the economy does go through ups and downs, periods of growth tend to outlast periods of decline.

Business Cycles in the United States