Business cycles in the United States after World War II have been
A)more severe than before the war.
B)less severe than before the war.
C)the same as the prewar cycles.
D)easier to predict than the prewar cycles.

Question

Quizplus · Accepted Answer

Business cycles in the United States after World War II have been less severe than before the war. This is largely due to the implementation of government policies aimed at stabilizing the economy, such as the use of fiscal and monetary policies, which have helped to reduce the volatility of the business cycle. Additionally, the growth of the service sector and the shift away from manufacturing has made the economy less cyclical.

Business Cycles in the United States After World War II