Question

26. The different phases of a business cycle
(a) Do not have the same length and severity
(b) expansion phase always lasts more than ten years
(c) lasts many years and are difficult to get over in short periods
(d) None of the above​

Answer 1

Answer:

(a) Do not have the same length and severity.

Explanation:

In a business cycle, the economy goes through phases like expansion, peak economic growth, reversal, recession and depression, finally leading to a new cycle.

That's why, we do not have the same length and severity as always.

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Answer 2

(a) Do not have the same length and severity

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