Question

Which of the following​ contribute(s) to shorter​ recessions, longer​ expansions, and less severe fluctuations in real​ GDP?

A. Monetary policy
B. Social Security benefits
C. A​ service-based economy
D. All of the above
E. A and C only

Answer 1

D. All of the above

Step-by-step explanation:

Monetary policy -

It is the policy which is adopted by a country , in order to control the borrowing , money supply and inflation , in order to maintain a stable economy of the country .

Social Security Benefit -

It is the benefit given due to any disability , these benefits depends on the level of income .

A service - based economy -

It is the economy , which leads to more value from the service sector .

Social Security benefits , monetary policy ,and , a service - based economy all lead to shorter recessions, longer expansions, and less severe fluctuations in real GDP .