Which of the Following Explains Why Fluctuations in Real GDP

question 163

Multiple Choice

Which of the following explains why fluctuations in real GDP have become less volatile in the United States since 1950?

• A)Services have become a smaller fraction of GDP since the 1950s.
• B)Unemployment insurance and other government transfer programs are more prevalent since the 1950s.
• C)The government has become more reluctant to intervene when real GDP declines and unemployment rises since the 1950s.
• D)both B and C

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Definitions:

Intellectual Skills

Intellectual Skills involve the cognitive abilities required to perform tasks that require reasoning, problem-solving, learning, and understanding.

Learning Outcomes

The knowledge, skills, attitudes, and values that learners are expected to achieve as a result of undergoing specific educational activities.

Self-Efficacy

An individual's belief in their capacity to execute behaviors necessary to produce specific performance attainments.

Chaining Ability

The capacity to link together a series of actions or learning steps into a coherent and successful sequence.