The New Economy of the 1990s Was Characterized by

The New Economy of the 1990s was characterized by

A) productivity increases and the globalization of business, which shifted the aggregate supply curve to the right
B) unemployment rates that rose rapidly because businesses outsourced production to low-wage countries
C) inflationary rates that rose steadily to more than 4.5 percent per year because of the Fed's easy-money policies.
D) large declines in aggregate demand that led to concerns by policy makers that deflation was becoming a major threat.
E) increases in budget deficits that were used to finance large government expenditures on research and development.