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

D. All of the above

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 .

answer; the correct answer to the above statement is (true);