In the post-World War II era
A) the business cycle has been about 25 to 30 percent smaller than prior to World War I.
B) the business cycle has been about 25 to 30 percent larger than prior to World War I.
C) inflation has been less of a problem than prior to World War I.
D) borrowing by households has decreased from what it was prior to World War I.

Question

Quizplus · Accepted Answer

The business cycle in the post-World War II era has been about 25 to 30 percent smaller than prior to World War I, indicating a reduction in the volatility of economic growth and recessions compared to the earlier period.

In the Post-World War II Era