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From 1950 to​ 2009, the average length of expansions in the United States has been A.less than 2 years.B.C.D.

    between 2 year and 3 years.

    between 3 years and 4 years.

    longer than 4 years.

    2 Most economists see the business cycle

    A.

    as randomly​ occurring, resulting from unpredictable long−run changes in the macroeconomy.

    B.

    as a regular pattern of recessions and expansions of the same length and intensity.

    C.

    occurring as a result of anticipated macroeconomic changes in the marketplace.

    D.

    as resulting from the response of households and firms to macroeconomic shocks.


    4 If oil prices​ decrease,


    A.

    the long−run aggregate supply curve will shift to the left.

    B.

    the short−run aggregate supply curve will shift up.

    C.

    the long−run aggregate supply curve will shift to the right.

    D.

    the short−run aggregate supply curve will shift down.

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    Subject: Business, Economics
    From 1950 to2009, the average length of expansions in the United States has been A. less than 2 years. between 2 year and 3 years. between 3 years...
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