The term "the Great Moderation" refers to
A)the fact that members of Congress collaborated much better in the 1980s or 1990s than in recent years
B)the fact that inflation-adjusted housing prices stayed fairly constant from 1950 to 1975
C)the period in the 1930s after the New Deal was implemented
D)the period after the Great Recession when the economy started to grow only slowly
E)the period from 1980 to 2007 when economic cycles were kept at a minimum

Question

Quizplus · Accepted Answer

The term "the Great Moderation" refers to the period from 1980 to 2007 when economic cycles were kept at a minimum. During this time, the frequency and severity of economic downturns decreased, and the economy experienced sustained growth and stability. This was attributed to better monetary policy, improved financial regulation, and advances in technology and globalization.

The Term "The Great Moderation" Refers to