The period of relative calm in the economy between 1985 and 2007 is called the:
A) Great Depression
B) Great Moderation.
C) Great Recession.
D) Great Modernization.

Question

Quizplus · Accepted Answer

The period of relative calm in the economy between 1985 and 2007 is called the Great Moderation. This period was characterized by low inflation, stable economic growth, and a decline in the volatility of the business cycle. It is considered to be a period of economic stability and was named as such by then-Federal Reserve Chairman Ben Bernanke in a speech in 2004.

The Period of Relative Calm in the Economy Between 1985