Posted: January 14th, 2016
Which of the following is true?
Which of the following is true?
- a) During the contractionary phase of the business cycle, the rate of unemployment is generally quite low.
- b) A depression is a recession that is mild and relatively brief.
- c) The timing of business fluctuations is regular and therefore easily predictable.
- d) The expansions and contractions of real world business cycles last varying lengths of time and often differ in magnitude.