The period from 1983 to 1990 was characterized by
A)decreasing budget deficits and increasing trade surpluses.
B)persistently high inflation.
C)below average rates of real GDP growth.
D)consistent growth of real GDP and decreasing rates of inflation.

Question

Quizplus · Accepted Answer

This period was marked by consistent growth in real GDP and decreasing rates of inflation. The economy underwent a period of sustained expansion, helped in part by the implementation of Reagan's supply-side policies. The unemployment rate fell from a high of 10.8% in 1982 to around 5.4% in 1989. Additionally, budget deficits decreased towards the end of the decade while trade deficits remained high. Overall, this period is often referred to as the "Reagan Boom."

The Period from 1983 to 1990 Was Characterized by