Stock and Watson found that ________ was responsible for about 20-30 % of the reduction in output volatility that occurred in the mid-1980s.
A)reduced shocks to productivity
B)reduced shocks to food and commodity prices
C)better monetary policy
D)better inventory control

Question

Quizplus · Accepted Answer

Stock and Watson's research suggests that better monetary policy was responsible for about 20-30 % of the reduction in output volatility that occurred in the mid-1980s.

Stock and Watson Found That ________ Was Responsible for About