The period of relative calm in the economy between 1992 and 2007 is called the:
A) Great Depression
B) Great Moderation.
C) Great Recession.
D) Great Modernization.

Question

Quizplus · Accepted Answer

The Great Moderation refers to the period of economic stability that occurred in the United States between 1992 and 2007, characterized by low inflation, steady economic growth, and job creation. It was named as such due to the reduction in volatility that occurred in both the financial and economic sectors during this period. The Great Depression, on the other hand, occurred in the early 20th century, while the Great Recession took place in 2008-2009 as a result of the financial crisis. The Great Modernization is not a commonly used term in economics.

The Period of Relative Calm in the Economy Between 1992