Which of the following statements about the business cycle is correct?
a.) economies expand f...
Which of the following statements about the business cycle is correct?
a.) economies expand for about a decade and then contract for about five years.
b.) economies contract for about a decade and then expand for about five years.
c.) busts and booms are independent of political decisions.
d.) certain financial actions are more profitable in busts and others more profitable in booms.
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