Identify a valid trend observed in U.S.business cycles since 1933.

A) Contractions lasted for more than two years on an average.
B) There were only two or three complete cycles.
C) There was no recession since 1979.
D) Expansions generally lasted longer than contractions.
E) Each cycle lasted longer than the previous one.

Business Cycles

The fluctuating levels of economic activity that an economy experiences over a period, marked by periods of expansion and contraction.

Contractions

Periods in the business cycle where there is a decline in economic activity, marked by reduced spending and increased unemployment.

Recession

A brief phase of economic downturn, signified by reduced commercial and industrial operations, often defined by a sequential fall in GDP over two quarters.