From 1982 to 2008,the economy experienced only two recessions,and they were neither lengthy nor severe.This time period is known as the
A) Great Depression.
B) Great Recession.
C) great expansion.
D) great moderation.
E) great economy.

Question

Quizplus · Accepted Answer

The time period described in the question is characterized by a low level of volatility and stability in the economy, which is often referred to as the "great moderation." This term was first coined by economist Ben Bernanke in 2004 to describe the period of low inflation and steady growth in the economy during this time.

From 1982 to 2008,the Economy Experienced Only Two Recessions,and They