Which of the Following Is True of the Business Cycle

question 145

Multiple Choice

Which of the following is true of the business cycle record of the United States?

• A) Recessions have been lengthier during the last two decades than was true prior to 1980.
• B) Real GDP contracted throughout most of the 1950s.
• C) Real GDP in 2000 was approximately the same as 1950.
• D) Since 1950, the fluctuations in GDP have been less severe than before 1950.

---

Definitions:

Test Assumptions

The process of validating the hypotheses or beliefs that underlie a project, business plan, or experiment to ensure they are accurate.

Viable Opportunities

Prospects or possibilities that have a realistic chance of success or profitability.

Inspiration

The process of being mentally stimulated to do or feel something, especially to do something creative.

Emotional Moment

A significant point in time that evokes strong feelings or emotions, often pivotal in decision-making processes or memorable experiences.