Possible explanations for the greater stability of real GDP growth and inflation in the 1990s and early 2000s compared to the 1970s and 1980s,include all of the following except:
A) good policymaking by central banks.
B) good luck,including fewer adverse supply shocks.
C) better measurement of economic variables.
D) structural change to a more service-oriented economy.

Question

Quizplus · Accepted Answer

All of the other options--good policymaking by central banks, good luck, and structural change to a more service-oriented economy--are cited by economists as potential reasons for the greater stability of real GDP growth and inflation in the 1990s and early 2000s compared to the 1970s and 1980s. However, there is no evidence to suggest that there was a significant improvement in the measurement of economic variables during this time period.

Possible Explanations for the Greater Stability of Real GDP Growth