Duration of a Business Cycle Refers To

question 67

Multiple Choice

Duration of a business cycle refers to:

• A) the length of time from one business cycle peak to the next.
• B) how low a trough or how high a peak of a business cycle is.
• C) which segments of the economy are affected by a recession in a business cycle.
• D) whether the bottom of the cycle is a depression.
• E) how long it takes for the average business to exit its industry.

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Definitions:

Isolated Type

Denotes a classification or category typically used in psychology or psychiatry to describe individuals who prefer solitude and show little interest in social interactions.

Chronic Alcoholic

An individual suffering from alcoholism for a long duration, showing a consistent pattern of excessive drinking despite negative consequences.

Anxious Attachment

An anxious, uncertain, and clingy style of attachment; in some models, includes a negative view of the self.

Harry Harlow

An American psychologist best known for his research on social isolation, maternal-separation, and dependency needs of rhesus monkeys, which played a significant role in understanding human emotional and social development.