What has been the range for the duration in months of u. s. recessions between 1950 and 2009?
a. 16 months to 28 months
b. 6 months to 18 months
c. 9 months to 32 months
d. 2 months to 18 months

b. 6 months to 18 months

Explanation:

Recession refers to the state of the business cycle contract when the economy declined for six months or more. There are five economic indicators which are studied and observed by the National Bureau of Economic Research and they include real gross domestic product, employment, income, manufacturing, and retail sales. In the United States, the memories of the recession period were painful part of business cycles. There are many occasions of recession in the United States between 1950 and 2009 but none extended 18 months. The worst among them was The great depression of 2008 to 2009.

this is an outline for the decisions that frankie is going to make

opportunity cost

willingness to buy

price or quality

of course, there could be many economic strategies that should be considered important while making decision. opportunity cost is the foremost significant factor while considering any economic option. when you buy something, you should know how much you are forgoing for this product. indeed, you could buy something different with this measure if you changed your mind. willingness to buy shows how much surplus you are earning while making a decision. it is important because it shows you buy what you want or you buy because you have only limited amount of money. the price or quality can be considered as a general economic option that we are applying while buying something. when you buy something, price or quality could be one of the options. indeed, they define the characteristics of the product.    

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where is the passage