Which of the following is true about the business cycles in Canada?
A)The largest contractions were experienced in 1920 and 1929.
B)The economy grew strongly after World War II.
C)The 1991 recession was longer but shallower than the 1981 recession.
D)All of the above.

Question

Quizplus · Accepted Answer

- A is true as the largest contractions in Canada's history were experienced in 1920-1921 and 1929-1933.
- B is true as the post-World War II period saw a period of sustained economic growth and prosperity, known as the "Golden Age" of capitalism.
- C is true as the recession of 1991 was longer but shallower than the recession of 1981-1982.

Which of the Following Is True About the Business Cycles