Suppose it took an economy 12 months to go from a trough to a peak and 8 months to go from that peak

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Suppose it took an economy 12 months to go from a trough to a peak and 8 months to go from that peak

Suppose it took an economy 12 months to go from a trough to a peak and 8 months to go from that peak to another trough. The length of that business cycle was:
A) 4 months.
B) 20 months.
C) 12 months.
D) 8 months.

Textbook

Principles of Macroeconomics

Edition: 11^th

Authors: Case, Fair, Oster

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8 years ago

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