Improved stability of the US economy since 1985 is referred to as:

Question

Quizplus · Accepted Answer

The term Great Moderation refers to the period of improved stability in the US economy since 1985, characterized by lower volatility in real GDP growth, inflation, and interest rates. Option B is incorrect as the Great Depression refers to a period of severe economic contraction in the 1930s. Option C refers to government programs (such as taxes and social welfare programs) that automatically adjust to stabilize the economy, which is related but not the same as the Great Moderation. Option D refers to the government's deliberate use of fiscal policy to stabilize the economy, which is also related but not the same as the Great Moderation.

Improved Stability of the US Economy Since 1985 Is Referred