The widespread decline in the volatility of many macroeconomic variables after 1984 led economists to term this period the
A)Great Moderation.
B)Low Volatility Era.
C)Steady State.
D)Long Boom.

Question

Quizplus · Accepted Answer

The term used by economists to describe the period of widespread decline in the volatility of macroeconomic variables after 1984 is the "Great Moderation." This period was marked by a relative stability in economic growth, inflation, and other important macroeconomic indicators.

The Widespread Decline in the Volatility of Many Macroeconomic Variables