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In the United States,the Great Moderation Refers To

Question 1

Multiple Choice

In the United States,the Great Moderation refers to:

A) a 15-year-long period that began around 1900 during which the growth of real output fluctuated,inflation declined,stock market volatility was reduced,and business cycles were moderated
B) the time period between 1920 and 1933 when sale,manufacture,and transportation of alcohol was prohibited
C) a time period that began in 1955 and lasted for nearly a decade during which business cycle fluctuations declined and inflation was under control
D) a time period that began after World War II and lasted for nearly a decade during the growth of real output fluctuated,inflation declined,stock market volatility was reduced,and business cycles were moderated
E) a time period that began during the mid-1980s and lasted a little over two decades during which the growth of real output fluctuated,inflation declined,stock market volatility was reduced,and business cycles were moderated

Correct Answer: