Depth of a business cycle refers to:
A) the length of time from one business cycle peak to the next.
B) how low a trough or how high a peak of a business cycle is.
C) which segments of the economy are affected by a recession in a business cycle.
D) whether the bottom of the cycle is a depression.
E) what percentage of businesses exit their industry.

Question

Quizplus · Accepted Answer

Depth of a business cycle refers to how low a trough or how high a peak of a business cycle is. It is a measure of the severity of the recession or the boom in the economy.

Depth of a Business Cycle Refers To