Here are rates of return on a broad stock market index and on Treasury bills between 2011 and 2015: (LO11-1) Year Stock Market Return (%) T-Bill Return (%) 2011 0.98 0.03 2012 16.06 0.05 2013 33.06 0.07 2014 12.71 0.05 2015 0.67 0.21 a. What was the risk premium on common stock in each year

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

30,000 would be the answer

The answer is one year.