Which of the Following Is a True Statement About the Length

question 232

Multiple Choice

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

• A)After 1950,the length of expansions equaled the length of recessions.
• B)After 1950,the length of expansions were much less than the length of recessions.
• C)After 1950,the length of expansions were much longer than the length of recessions.
• D)After 1950,the length of expansions were brief and almost nonexistent.

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Definitions:

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.