Which of the following have played major roles in economic contractions and expansions since the early 1970s?
A)a flexible exchange rate system that replaced a fixed exchange rate system
B)increased globalization
C)increased response by the Fed to demand and supply shocks
D)All of the above are correct.

Question

Quizplus · Accepted Answer

All of the above have played major roles in economic contractions and expansions since the early 1970s. The flexible exchange rate system has allowed for greater flexibility in responding to changes in the global economy, increased globalization has led to more interconnectedness between economies and increased vulnerability to crises, and the Fed's increased response to demand and supply shocks has helped to stabilize the economy.

Which of the Following Have Played Major Roles in Economic