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 not seen a significant increase in trend 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 U.S. has not seen a significant increase in trend unemployment. While there have been periods of high unemployment, such as during the recessions in the 1970s and early 1980s, overall the trend has remained relatively stable.