Prior to the start of global crisis in 2007, the previous 20 years had been a period of

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The question asked for the period prior to the global crisis in 2007. During this period, the world experienced sustained economic growth with macroeconomic stability. This can be seen in the decreasing trend of inflation rates globally, particularly in developed countries, and the decreasing trend in global poverty rate. Fluctuations in economic indicators during this period were considered normal business cycles. Therefore, choice B is the best answer.

Prior to the Start of Global Crisis in 2007, the Previous