Which of the Following Is a True Statement About the Length

question 217

Multiple Choice

Which of the following is a true statement about the length of recessions and expansions in the United States economy?

• A)Prior to 1900,the length of expansions equaled the length of recessions.
• B)Prior to 1900,the length of expansions were much less than the length of recessions.
• C)Prior to 1900,the length of expansions were much longer than the length of recessions.
• D)Prior to 1900,the length of recessions were brief and almost nonexistent.

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Definitions:

Hourly Wage

The amount of money paid for each hour of work.

Uglifruits

This term does not represent a known economic concept. NO.

Consumption Proportions

This term refers to the ratio in which different goods or services are consumed by individuals or within an economy.

Price Change

A fluctuation in the market price of a good or service over a specific period.