Which of the following statements is correct?
A) The depth and the length of all business cycles are identical.
B) The depth and the length of all business cycles are different.
C) Business cycles are caused by seasonal unemployment changes.
D) Business cycles are caused by unanticipated inflation.

Question

Quizplus · Accepted Answer

Business cycles can vary in terms of their length and depth. They are not always uniform and can be influenced by a variety of factors, such as changes in consumer spending, investment levels, and government policies. Seasonal unemployment changes and unanticipated inflation can be factors that contribute to business cycles, but they are not the sole causes.

Which of the Following Statements Is Correct