The economic expansion which began in March 1991 was unusual in that

Question

Quizplus · Accepted Answer

All of the given statements are true about the economic expansion that began in March 1991. The first year and a half of the expansion was weak, with unemployment continuing to rise for 16 months after the trough. The inflation rate decelerated from 1993 to 1997, which was unusual for an economic expansion. Additionally, in 1994, monetary policy was tightened substantially even though there was no evidence of accelerating inflation. Therefore, option D is the correct answer.

The Economic Expansion Which Began in March 1991 Was Unusual