The Great Moderation Refers To

question 53

Multiple Choice

The Great Moderation refers to:

• A)the period from 1982 to 2008 when business cycles were longer and relatively mild.
• B)the recession that began in 2008 and continued through to 2009.
• C)the fact that businesses and governments cannot smooth out the business cycle.
• D)the period from 1982 to 2008 when cycles were shorter.

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Definitions:

Auditory Nerve

The nerve in the brain responsible for carrying auditory signals from the cochlea in the inner ear directly to the brain.

Audition

The sense of hearing or the act of listening.

Basilar Membrane

A key structure in the cochlea of the inner ear, responsible for converting sound vibrations into neural signals.

Hair Cells

Sensory cells located in the inner ear that are responsible for converting sound vibrations into electrical signals.