Business cycles A

Business Dec 23, 2020

Business cycles

A. vary in duration and magnitude.

B. are always the same in magnitude.

C. are always the same duration.

D. are always the same duration and magnitude.

Expert Solution

The answer is A.

Business cycles differ in terms of magnitude. So far, the worst economic recession in the history of the United States is the Great Depression, followed by the financial crisis of 2008. Business cycles also differ in terms of duration. The great depression lasted for 3 years, while the shortest recession lasted only six months.

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