Author Question: Business cycles are best categorized as (a) fluctuations in the production and employment levels ... (Read 103 times)

colton · **on:** Jun 30, 2018

Business cycles are best categorized as

(a) fluctuations in the production and employment levels in the business sector of the economy.
(b) major upswings and downturns in most sectors of the economy.
(c) variations in international trade.
(d) all of the above.

Question 2

The post-World War II prosperity (19451949) was due in large part to Harry Truman's commitment to maintaining high levels of federal expenditures after World War II (194145).

Indicate whether the statement is true or false