Which of the Following Factors Have Not Contributed to the "Great

question 66

Multiple Choice

Which of the following factors have not contributed to the "Great Moderation" of real GDP in the U.S.over the past 20 years?

• A)Better inventory management
• B)Better macroeconomic policy
• C)Greater availability of financial products for lending and borrowing
• D)Imposition of ceiling on interest rates
• E)Smaller real shocks

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Definitions:

Absolute Advantage

The ability of an individual or economy to produce a good or service more efficiently than competitors using the same amount of resources.

Cars

Motor vehicles with four wheels designed primarily for passenger transportation and commonly powered by internal combustion engines.

Absolute Advantage

The ability of an individual, company, or country to produce a good or service more efficiently than competitors, using fewer resources.

Lumber

Lumber that has been manufactured into planks and beams, marking a step in the journey of producing wood products.