Over the past 150 years or so in the U.S., business cycle expansions have tended to be relative to business cycle contractions. OA) shorter and weaker B) shorter and about the same strength C) longer but weaker D) longer and stronger

Over the past 150 years or so in the U.S., business cycle expansions have tended to be relative to business cycle contractions. OA) shorter and weaker B) shorter and about the same strength C) longer but weaker D) longer and stronger

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

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Concept explainers

Demand and Supply

The concept of demand and supply is important for various factors. One of them is studying and evaluating the condition of an economy within a certain period. The analysis or evaluation of the demand-side factors is important for the suppliers to understand the consumer or individual behaviour. The evaluation of supply-side factors is important for the consumer or individuals to understand that what kind of combination of an economic good or what kind of economic good and services he or she should consume to maximise his utility and minimise the cost. Therefore, in microeconomics, both of these concepts are extremely important to have an idea that what exactly is going on in the economy.

Question

Over the past 150 years or so in the U.S., business cycle expansions have tended to
be______________ relative to business cycle contractions.
OA) shorter and weaker
↓
B) shorter and about the same strength
C) longer but weaker
D) longer and stronger

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