What is the longest an expansion could be?
A) Up to 5 years
B) Up to 7 years
C) Up to 10 years
D) Longer than 10 years

Question

Quizplus · Accepted Answer

While there is no definitive answer, historically, the longest economic expansions have lasted more than 10 years. For example, the economic expansion from 1991 to 2001 lasted for 120 months, or 10 years. Therefore, option D is the best choice as it is the only option that allows for an expansion longer than 10 years.

What Is the Longest an Expansion Could Be