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:

Prescriptive Statement

Normative assertions that suggest how things should be, often based on opinions or value judgments.

Normative Statement

An opinion or value judgment that reflects what one believes should be rather than what actually is, often involving terms like "ought" or "should."

United States Government

The United States Government is the federal government of the United States, consisting of three distinct branches: legislative, executive, and judicial, each with its own powers and responsibilities.

Opportunity Cost

The expense associated with missing out on the second-best choice when a decision is made, denoting the advantages that are not received.