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 increase in trend unemployment
D) has seen real GDP grow as fast, on average, as in the pre-war period
E) none of the above

Question

Quizplus · Accepted Answer

Since World War II, the U.S. has seen real GDP grow as fast, on average, as in the pre-war period. This period of economic growth is commonly referred to as the post-war economic boom. However, there have been fluctuations in inflation rates and unemployment rates during this time period. Deflation has been relatively rare.