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Length of a contraction

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Reference no: EM131040268

Which of the following statements is FALSE?

A) The rate of change in economic activity is used to assess whether an economy is expanding or contracting.

B) Short- term ups and downs in the economy are known as business cycles.

C) During a recession, output and employment are falling.

D) Business cycles are always symmetric the length of an expansion is the same as the length of a contraction.

Reference no: EM131040268

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