Which of the following is a true statement about the length of recessions and expansions in the United States economy?
A)After 1950,the length of expansions equaled 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 nonexistent.

Question

Quizplus · Accepted Answer

After 1950, the length of economic expansions was notably longer than the length of recessions in the United States economy. This is evident from the data on the National Bureau of Economic Research (NBER) website, which shows that since 1945, the average expansion has lasted 69 months, while the average recession has lasted 11 months.

Which of the Following Is a True Statement About the Length