Asked by David Hornbek Jr. on Jun 13, 2024
Verified
Since the Great Depression,business fluctuations have become more severe and longer in duration.
Business Fluctuations
The cyclical increases and decreases in economic activity that an economy experiences over time.
Great Depression
A severe worldwide economic depression that took place during the 1930s, starting in the United States, marked by significant declines in industrial production and employment.
More Severe
Used to describe a situation or condition that is significantly worse or more intense than others.
- Comprehend important historical economic adversities and their ramifications on the economy, with a focus on periods characterized by stagnant growth and inflation and pronounced financial emergencies.
- Comprehend the reasons behind and ramifications of major recessions and financial declines.
Verified Answer
AA
Amber AtkinsJun 17, 2024
Final Answer :
False
Explanation :
Business fluctuations have not necessarily become more severe and longer in duration since the Great Depression. While there have been some significant economic downturns in the time period following the Depression (such as the Great Recession of 2007-2009), there have also been periods of growth and stability. Overall, the pattern of business cycles has varied over time and cannot be characterized as consistently becoming more severe and longer in duration.
Learning Objectives
- Comprehend important historical economic adversities and their ramifications on the economy, with a focus on periods characterized by stagnant growth and inflation and pronounced financial emergencies.
- Comprehend the reasons behind and ramifications of major recessions and financial declines.