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 a significant upward trend in unemployment
D)has seen a significant upward trend in real GDP
E)none of the above

Question

Quizplus · Accepted Answer

Since World War II, the US has experienced a significant and steady upward trend in real GDP due to factors such as technological advancements, increased productivity, and population growth. While there have been periods of economic recession and slow growth, overall, the US economy has continued to grow since the end of World War II. There has also been varying levels of inflation and unemployment, but neither have seen a substantial long-term upward or downward trend. Deflation, or a sustained decrease in prices, has been relatively rare in the US since World War II.