Compared to the period after World War II, business cycles in the United States before World War II were
A) less severe.
B) of equal severity.
C) more severe.
D) nonexistent.

Question

Quizplus · Accepted Answer

Business cycles before World War II were more severe than after the war. Prior to World War II, the United States experienced more frequent and severe economic downturns, including the Great Depression, compared to the post-war period which saw longer periods of economic growth and fewer severe recessions.

Compared to the Period After World War II, Business Cycles