Economic fluctuations have been common for at least 200 years, but they have diminished in frequency and severity in the United States and many other countries, particularly in the last 25 years.

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Quizplus · Accepted Answer

Economic fluctuations, also known as business cycles, have indeed been a common feature of economies for centuries. However, due to advancements in economic policy, monetary policy tools, and a better understanding of economic indicators, many countries, including the United States, have experienced less frequent and less severe economic fluctuations in the last 25 years compared to earlier periods. This improvement is attributed to better economic management and interventions by governments and central banks.

Economic Fluctuations Have Been Common for at Least 200 Years