Which of the following describes the historical record of the business cycle in the United States?

Question

Quizplus · Accepted Answer

The historical record of the business cycle in the United States shows that periods of contraction have gotten shorter over time. This is partly due to improvements in economic policy and technology, which have made it easier to stabilize the economy and recover from downturns. While severe depressions have occurred in the past, they have become less frequent as a result of these improvements. There is no fixed pattern to the timing of expansions and recessions, so choices A and C are incorrect.

Which of the Following Describes the Historical Record of the Business