Which of the following is an accurate statement concerning the macroeconomy of the United States?
A)The goals of full employment,price stability and vigorous economic growth are frequently met.
B)The economy continues to experience the ups and downs of the business cycle.
C)The ups and downs of the business cycle have been more severe since World War II.
D)Politics never takes precedence over the country's economic problems.

Question

Quizplus · Accepted Answer

The statement that the US economy continues to experience the ups and downs of the business cycle is accurate. Although the goals of full employment, price stability, and economic growth are frequently pursued, they are not always achieved, and the economy is subject to fluctuations and recessions. The statement about the severity of business cycle swings is not accurate, as the post-World War II period has actually seen less severe downturns compared to earlier decades. The statement about politics and the economy is subjective and cannot be definitively labeled as accurate or inaccurate.

Which of the Following Is an Accurate Statement Concerning the Macroeconomy