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
B
Economics
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Which of the following events could account for the situation shown?
a. an increase in natural resources
b. a change in the expected price level
c. an increase in government regulations
d. a temporary decrease in an input price
Economics
What is meant by scientific method?
What will be an ideal response?
Economics