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.