Possible explanations that have been offered for the Great Moderation experienced in the United States during the 1990s include all of the following except:
A) Good fortune
B) Economies that have become more flexible in absorbing shocks
C) Calm financial markets
D) Better understanding and use of monetary policy
Correct Answer:
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Q48: In practice, it is difficult to keep
Q49: An increase in potential output will result
Q50: During the Great Moderation experienced in the
Q51: Comparing monetary and fiscal policy:
A)Fiscal policy has
Q52: Higher potential output levels:
A)Put upward pressure on
Q54: Consider the period from 1995 to 1999.The
Q55: Monetary policy has the following advantage(s) over
Q56: If a positive inflation shock occurs and
Q57: Unemployment insurance and the proportional nature of
Q58: Disinflation occurs when:
A)The inflation rate is negative
B)The
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