The lengths of the recession and expansion phases and which sectors of the economy are most affected will rarely be the same in any two business cycles.

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Quizplus · Accepted Answer

Business cycles can be affected by various factors such as government policies, global events, technological advancements, and natural disasters. These factors can impact different sectors of the economy in varying degrees and result in differences in the lengths of recession and expansion phases between business cycles. Therefore, it is unlikely that any two business cycles will be exactly the same in terms of durations and sectoral impacts.

The Lengths of the Recession and Expansion Phases and Which