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

Economics

You might also like to view...

Describe the demand curve for a Giffen good

What will be an ideal response?

Economics

Low standards reduce production costs and change a nation's comparative advantage

Indicate whether the statement is true or false

Economics

According the Stolper-Samuelson theorem, the scarce factor in any given country should oppose international trade by that country

Indicate whether the statement is true or false

Economics

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

If Hector completely smooths consumption over his lifetime, his annual consumption is A) $37,516.67. B) $44,916.67. C) $45,083.33. D) $60,111.11.

Economics