Which statement about business cycles is correct? Select one: a. When GDP goes up, GDP per capita generally goes down Ob. When the unemployment rate goes up, the inflation rate also goes up. Oc. Recessions almost always last longer than expansions. Od. Business cycles are irregular and unpredictable.

Which statement about business cycles is correct? Select one: a. When GDP goes up, GDP per capita generally goes down Ob. When the unemployment rate goes up, the inflation rate also goes up. Oc. Recessions almost always last longer than expansions. Od. Business cycles are irregular and unpredictable.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 6SCQ: According to Table 19.7, how long has the average recession lasted since the end of World War II?

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