Which statement best characterizes Canadian business cycle activity since 1980?
A) Only one business cycle has occurred.
B) No recessions have occurred.
C) Expansions have generally lasted longer than contractions.
D) Each cycle has lasted longer than the previous one.

Question

Which statement best characterizes Canadian business cycle activity since 1980?  
A) Only one business cycle has occurred. 
B) No recessions have occurred. 
C) Expansions have generally lasted longer than contractions. 
D) Each cycle has lasted longer than the previous one.

Quizplus · Accepted Answer

According to data from the Bank of Canada, since 1980, expansions in Canada have generally lasted longer than contractions. While there have been multiple cycles of growth and contraction, no single cycle has lasted longer than the previous one.

Which Statement Best Characterizes Canadian Business Cycle Activity Since 1980