Which of the following statements is FALSE?
A) Business cycles are recurring periods of growth and decline in an economy's real GDP.
B) All business cycles go through the same sequence of phases.
C) The length of time in each phase differs from business cycle to business cycle.
D) After World War II the recession phases of business cycles became deeper and longer than previously.

Question

Quizplus · Accepted Answer

After World War II, the recession phases of business cycles generally became shorter and less severe, not deeper and longer, due to better economic policies, more effective monetary and fiscal tools, and international cooperation.

Which of the Following Statements Is FALSE