Which of the following contribute(s) to shorter recessions, longer expansions, and less severe fluctuations in real GDP?
A. Social Security benefits
B. A service-based economy
C. Fiscal policy
D. All of the above
E. A and C only
Answer: D
Which of the following contribute(s) to shorter recessions, longer expansions, and less severe fluctuations in real GDP?
A. Social Security benefits
B. A service-based economy
C. Fiscal policy
D. All of the above
E. A and C only