Which statement about business cycles in the United States is most accurate? Multiple Choice Business cycles are impossible to identify. Business cycles occur precisely every five years. O Seasonal business cycles occur within a year. Long-term business cycles have only two phases-boom and bust.

Which statement about business cycles in the United States is most accurate? Multiple Choice Business cycles are impossible to identify. Business cycles occur precisely every five years. O Seasonal business cycles occur within a year. Long-term business cycles have only two phases-boom and bust.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter14: Macroeconomic Policy: Tradeoffs, Expectations, Credibility, And Sources Of Business Cycles

Section: Chapter Questions

Problem 9E

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Question

Which statement about business cycles in the United States is most
accurate?
Multiple Choice
Business cycles are impossible to identify.
Business cycles occur precisely every five
years.
Seasonal business cycles occur within a year.
Long-term business cycles have only two
phases-boom and bust.

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