Which of the following is TRUE about business cycles?
A) They all have the same approximate length.
B) Every cycle is unique.
C) Each recession causes the same amount of unemployment.
D) The intensity tends to be constant from recession to recession,but the duration differs.

Question

Quizplus · Accepted Answer

Every business cycle is unique in terms of its length, severity, and impact on the economy.

Which of the Following Is TRUE About Business Cycles