How has the pattern of fluctuations in overall U.S. business activity changed since World War II?
A) It has become less volatile.
B) Expansions have been eliminated.
C) Contractions have been eliminated.
D) Recessions have been eliminated.

Question

Quizplus · Accepted Answer

Since World War II, overall U.S. business activity has become less volatile. This is primarily due to the increased role of government in stabilizing the economy through monetary and fiscal policy. While recessions still occur, they tend to be less severe and of shorter duration than in earlier periods.

How Has the Pattern of Fluctuations in Overall U