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Which of the following is a true statement about the length of recessions and expansions in the United States economy?
Services
Economic activities that result in intangible benefits or outputs, such as consulting, banking, or repair work.
Property
Assets owned by a person or a company, encompassing both physical objects and intellectual property.
Life Insurance Proceeds
The money paid to the beneficiaries of a life insurance policy when the insured person passes away.
Gross Income
Total income from all sources before deductions, exemptions, and taxes.
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