Which of the Following Is Correct with Regard to the Business

question 43

Short Answer

Which of the following is correct with regard to the business cycle?
Due to better government management of the economic environment, the business cycle has become less volatile in recent decades
A depression occurs when the trough of the business cycle extends five or more years
There are no recognizable short-term phases in the business cycle; rather, the cycle can only be recognized as a long-term phenomenon
A recession is usually defined as two consecutive quarters when the economy shrinks
All of these are correct

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Definitions:

Sympathy Strike

A labor strike by workers in one union in support of workers in another union who are engaged in a dispute with their employer.

NFL

The National Football League, a professional American football league consisting of 32 teams, divided equally between the National Football Conference (NFC) and the American Football Conference (AFC).

Referees

Officials in sports contests responsible for enforcing the rules of the game, ensuring fair play, and in some contexts, mediating disputes between parties.

Interest Disputes

Disagreements in labor relations concerning the terms and conditions of employment or contracts, including pay, benefits, and working conditions.