Since World War II,the business cycle has been characterized by
A)Increasingly longer recessions.
B)Shorter periods of growth.
C)Alternating periods of expansion and contraction.

Question

Quizplus · Accepted Answer

Since World War II, the business cycle has been characterized by alternating periods of expansion and contraction, also known as boom and bust cycles. This has been a consistent pattern, with periods of economic growth being followed by periods of economic downturns or recessions, and vice versa. There have been some variations in the length and severity of these cycles, but the overall pattern of expansion and contraction has remained consistent.

Since World War II,the Business Cycle Has Been Characterized by