Which of the Following Statements About U

question 133

Multiple Choice

Which of the following statements about U.S.recessions since the Great Depression is correct?

• A) Recessions have occurred regularly, every 6 years.
• B) Recessions have occurred irregularly, approximately every 6 years.
• C) Recessions have occurred regularly, every 10 years.
• D) Recessions have occurred irregularly, approximately every 10 years.

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Definitions:

Firm Offer

In contract law, an offer that explicitly states it will remain open for a specified period of time, during which it cannot be revoked by the offeror.

Irrevocable

Something that cannot be changed, revoked, or undone once established or agreed upon.

Writing

The act, process, or practice of recording thoughts, ideas, or information on a surface for communication or documentation.

International Sales

Transactions involving the sale of goods between parties located in different countries, governed by international sales law.