Posted: January 14th, 2016

Which of the following is true?

Which of the following is true?

  1. a) During the contractionary phase of the business cycle, the rate of unemployment is generally quite low.
  2. b) A depression is a recession that is mild and relatively brief.
  3. c) The timing of business fluctuations is regular and therefore easily predictable.
  4. d) The expansions and contractions of real world business cycles last varying lengths of time and often differ in magnitude.

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