When comparing two business cycles, you should expect:
A) the sequence of phases to be the same in both cycles.
B) the amount of time in each phase to be the same in both cycles.
C) the intensity of the expansion or contraction to be the same in both cycles.
D) none of the above.

Question

Quizplus · Accepted Answer

The sequence of phases in a business cycle (expansion, peak, contraction, trough) is typically the same, although the duration and intensity of each phase can vary.

When Comparing Two Business Cycles, You Should Expect