The recession that began in 2008 dispelled the idea of The Great Moderation.

Name: The recession that began in 2008 dispelled the idea of The Great Moderation.
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The Great Moderation was a period of relative economic stability and low volatility in the United States from the mid-1980s to 2007. The recession that began in 2008, known as the Great Recession, marked the end of this period and demonstrated that the economy was not as stable as previously thought.

The Recession That Began in 2008 Dispelled the Idea of the Great