Which of the following is true regarding economic fluctuations in the United States?
A) Prior to World War II, economic ups and downs were more moderate than after the war.
B) Prior to World War II, annual increases in real GDP of more than 5 percent were unheard of.
C) Real GDP grew rapidly during the 1930s.
D) The 1930s was a period of prolonged economic stagnation and high unemployment.

Question

Quizplus · Accepted Answer

The 1930s was a period of prolonged economic stagnation and high unemployment. Prior to World War II, economic ups and downs were also more severe and frequent than after the war. Annual increases in real GDP of more than 5 percent were rare before the war, but became more common after. Real GDP did not grow rapidly during the 1930s, as it was a decade marked by the Great Depression.

Which of the Following Is True Regarding Economic Fluctuations in the United