While economic expansions average about 3.5 years in duration, what is the average duration of an economic contraction?
A) about 1 year
B) about 2 years
C) about 3 years
D) about 4 years

Question

While economic expansions average about 3.5 years in duration, what is the average duration of an economic contraction?  
A) about 1 year 
B) about 2 years 
C) about 3 years 
D) about 4 years

Quizplus · Accepted Answer

Economic contractions, or recessions, typically last about 1 year on average, which is significantly shorter than the average duration of economic expansions.

While Economic Expansions Average About 3