The Great Moderation is a period of reduced variability in real GDP that
A) applies well to the experience in the U.S. from 1980-2007, but less so in Canada.
B) applies well to the experience in Canada from 1980-2007, but less so in the U.S.
C) was perceived to have occurred but really did not.
D) applies well to the experience in the U.S. and Canada from 1940-1980.
E) applies well to the experience in Canada since 2010, but less so in the U.S.

Question

Quizplus · Accepted Answer

The Great Moderation refers to a period of reduced variability in real GDP growth in the U.S. from 1980-2007. While Canada also experienced some moderation in this period, it was not as pronounced as in the U.S.

The Great Moderation Is a Period of Reduced Variability in Real