Which of the following best explains why the U.S.experienced a Great Moderation while Canada did not?
A) Canadian luck was worse than the U.S.'s.
B) Financial development was stronger in the U.S.
C) Monetary policies differed significantly between the two countries.
D) Canadian luck was better than the U.S.'s.
E) Financial development was stronger in Canada.
Correct Answer:
Verified
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