After the 1982 recession,the U.S.and world economies entered into a long period
A)of high unemployment rates.
B)high inflation rates.
C)that has become known as the "Great Moderation."
D)that has become known as the "Great Recession."

Question

Quizplus · Accepted Answer

The period following the 1982 recession is known as the "Great Moderation." This period was characterized by low inflation, low unemployment rates, and relatively stable economic growth. The term "Great Recession" is typically used to describe the severe economic downturn that began in 2008, which is not relevant to this question.

After the 1982 Recession,the U