The Hypothesis of Political Business Cycles Asserts That

The hypothesis of political business cycles asserts that

A) politicians can produce a favorable short-run tradeoff between inflation and unemployment to improve their chances of reelection.
B) political popularity is not a function of the business cycle.
C) an economic recession takes place before every national election.
D) political manipulation of the business cycle is an effective way to increase permanent economic growth.
E) economic expansions or contractions are a function of congressional support for the president's economic policy.