Which Statement Best Characterizes Canadian Business Cycle Activity Since 1980

question 105

Multiple Choice

Which statement best characterizes Canadian business cycle activity since 1980?  

• A) Only one business cycle has occurred. 
• B) No recessions have occurred. 
• C) Expansions have generally lasted longer than contractions. 
• D) Each cycle has lasted longer than the previous one.

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Definitions:

Economic Decisions

Choices made by individuals or organizations regarding the allocation of resources and the distribution of goods and services, often based on factors like cost, benefits, and economic conditions.

International Monetary Fund

An international organization created to foster global monetary cooperation, secure financial stability, facilitate international trade, and reduce poverty around the world.

Short-term Loans

Loans that are scheduled to be repaid in a short period, typically within a year, used for immediate financial needs.

Deficits

The amount by which a government's, company's, or individual's spending exceeds its income over a particular period of time.