Since World War II the U.S.________.
A)has seen a substantial decrease in the inflation rate
B)has seen frequent periods of deflation
C)has seen significant variations in unemployment
D)has seen real GDP grow slower,on average,than in the pre-war period
E)none of the above

Question

Quizplus · Accepted Answer

Since World War II, the US has experienced significant variations in unemployment, including periods of high unemployment such as the recessions in the early 1980s and early 2000s, as well as periods of low unemployment such as in the late 1990s. The other choices are incorrect as the inflation rate has not consistently decreased since WWII, deflation has not been frequent, and real GDP growth has been higher on average than in the pre-war period.