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.
Answer: B
You might also like to view...
If reckless drivers are more likely to buy automobile insurance than safe drivers are,
A) a moral hazard has occurred. B) adverse selection has occurred. C) the market for insurance is efficient. D) then automobile insurance will be fairly priced.
Suppose that everyone is risk neutral and buyers cannot identify the lemons. The expected value of a used car is $8,000. No good cars will be sold in this market
A) unless the sellers of good cars place a value greater than $8,000 on their cars. B) unless the sellers of lemons place a value greater than $8,000 on their cars. C) unless sellers engage in cheap talk. D) unless the sellers of good cars place a value lesser or equal to $8,000 on their cars.