As measured by amount of time spent in recession, the ups and downs of the U.S. economy were
A) less frequent during 1983-2015.
B) less frequent during 1960-1982.
C) less frequent during 1910-1959.
D) more frequent during 1983-2015.

Question

Quizplus · Accepted Answer

The period from 1983 to 2015 is often referred to as the "Great Moderation," characterized by reduced volatility in economic cycles, leading to less frequent recessions compared to earlier periods.

As Measured by Amount of Time Spent in Recession, the Ups