Since World War II,the business cycle has been characterized by
A)Increasingly longer recessions.
B)Shorter periods of growth.
C)Alternating periods of expansion and contraction.
D)Steady,continued growth.

Question

Quizplus · Accepted Answer

The business cycle since World War II has been characterized by alternating periods of expansion and contraction. This means that the economy experiences periods of growth and prosperity followed by periods of decline and recession. This has been the norm rather than steady, continued growth. While there have been variations in the length of these cycles, the basic pattern has remained the same. Therefore, option C is the correct answer.

Since World War II,the Business Cycle Has Been Characterized by