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.

Question

Quizplus · Accepted Answer

The statement that the economy continues to experience the ups and downs of the business cycle is accurate. While the goals of full employment, price stability, and economic growth are important, they are not always met simultaneously, and the economy experiences periods of expansion and contraction. Option A is incorrect because the goals are not frequently met simultaneously. Option C is also incorrect because there is no evidence to suggest that the ups and downs of the business cycle have been more severe since World War II.

Which of the Following Is an Accurate Statement Concerning the Macroeconomy