Since 1950, the average length of a recession in the United States has been
A) such that recessions barely exist. B) less than a year.
C) between 1 and 2 years. D) greater than 2 years.
B
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Hector's wealth is zero, he expects to work for another 45 years at a constant salary of $80,000 and live for another 60 years. Yearly taxes are $20,000, and Hector received a one-time tax rebate of $5,000 during his first year of work
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