Which of the Following Is True of the Business Cycle

question 145

Multiple Choice

Which of the following is true of the business cycle record of the United States?

• A) Recessions have been lengthier during the last two decades than was true prior to 1980.
• B) Real GDP contracted throughout most of the 1950s.
• C) Real GDP in 2000 was approximately the same as 1950.
• D) Since 1950, the fluctuations in GDP have been less severe than before 1950.

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Definitions:

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In-depth reports or guides about specific topics that are intended to educate the audience or provide solutions to problems.

Business Plan

A documented strategy for a new business that outlines goals, reasons they are attainable, and plans for reaching them.

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A strategic outline detailing one's intentions or desired achievements in a professional context.