The 1990s saw inflation fall and real growth increase in the U.S. and in many other countries. This is partially attributed to all of the following except:

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The other choices (A, B, and C) all contributed to the fall in inflation and increase in real growth in the 1990s. Technological innovation increased productivity, the redesign of central banks improved their ability to manage the economy, and central banks becoming better at their jobs resulted in more effective monetary policy. However, central banks focusing more on exchange rates is not a commonly cited factor contributing to the economic improvements of the 1990s.

The 1990s Saw Inflation Fall and Real Growth Increase in the U.S