Setting the stage for the Great Moderation was
A) Restrictive fiscal policy
B) Low and fairly steady inflation and inflation expectations
C) Coordinated international policies
D) Strong stock prices

Question

Quizplus · Accepted Answer

Low and fairly steady inflation and inflation expectations were key factors in setting the stage for the Great Moderation, a period of reduced macroeconomic volatility experienced by many countries starting in the mid-1980s.

Setting the Stage for the Great Moderation Was