The Great Moderation refers to:
A)the period from 1982 to 2008 when business cycles were longer and relatively mild.
B)the recession that began in 2008 and continued through to 2009.
C)the fact that businesses and governments cannot smooth out the business cycle.
D)the period from 1982 to 2008 when cycles were shorter.

Question

Quizplus · Accepted Answer

The Great Moderation refers to the period from 1982 to 2008 when business cycles were longer and relatively mild. During this time, there was a decrease in volatility and fluctuations in the economy, resulting in a more stable period for economic growth.

The Great Moderation Refers To