Compared to the Period After World War II, Business Cycles

question 212

Multiple Choice

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.

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Definitions:

Charismatic authority

Describes a form of leadership where followers attribute extraordinary leadership abilities or qualities to a leader, often seen as revolutionary or heroic.

Bureaucratic organizations

Organizations structured in a hierarchical manner, emphasizing formal procedures, rules, and a clear division of responsibilities.

Occupational mobility

The ability of individuals to change their occupation or move up within their current career field.

Geographic mobility

The movement of individuals or populations from one location to another, often for reasons related to employment, housing, or quality of life.