Comparisons of Business Cycles Before and After World War II

Multiple Choice

Comparisons of business cycles before and after World War II show that

A) there has been no significant change in the nature of business cycles
B) the amplitude of business cycles has increased in recent years
C) diminishing foreign trade has successfully reduced volatility in the post-war period
D) expansions have lengthened and contractions have shortened
E) recessions have become shorter but deeper, while expansions have become shorter with higher growth rates