The low inflation of the late 1990s, coupled with strong growth in output and strong financial markets, can best be explained by
A) the U.S. adopting price control measures
B) exceptionally high interest rates
C) the enactment of new international trade restrictions
D) a technology boom that was causing productivity growth to increase

Question

Quizplus · Accepted Answer

The low inflation of the late 1990s, along with strong growth in output and robust financial markets, is largely attributed to a technology boom that significantly increased productivity growth. This period, often associated with the rise of the internet and advancements in computing, allowed for more efficient production processes and better management of resources, contributing to economic expansion without the corresponding inflationary pressures that might have been expected with such growth.

The Low Inflation of the Late 1990s, Coupled with Strong