Which of the following is true of the business cycle record of the United States?
A) Recessions have been lengthier during the last two decades than was true prior to 1980.
B) Real GDP contracted throughout most of the 1950s.
C) Real GDP in 2000 was approximately the same as 1950.
D) Since 1950, the fluctuations in GDP have been less severe than before 1950.

Question

Quizplus · Accepted Answer

Since 1950, the U.S. has experienced less severe fluctuations in GDP compared to the pre-1950 era, due to better economic policies and stabilization measures.

Which of the Following Is True of the Business Cycle