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I think expecting a swift reply within your standard working hours is probably reasonable, but freaking out about having to wait after hours or in the night your manager probably needs to take a metaphorical chill pill and stop being so overbearing, otherwise his/her team isn't going to do particularly well.
Depends on the company and role. If you work on anything international or if you're with a smaller firm/smaller team wearing lots of hats, it may not be unheard of during off hours.
If anyone wants an immediate response he/she should make a phone call. Most of my managers are practical in that regard.