Most Economists Attribute the Great Moderation Experienced in the United

question 61

Multiple Choice

Most economists attribute the Great Moderation experienced in the United States during the 1990s mainly to:

• A) good fortune.
• B) slowing productivity growth.
• C) aggressive fiscal policy.
• D) better understanding and use of monetary policy.

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Definitions:

Post-acquisition Equity

The equity interest in a subsidiary held by the parent company after accounting for any changes since the acquisition date.

Accounting Policies

The particular standards, foundations, norms, regulations, and methods used by an organization to compile and display its financial records.

Consolidation Process

The method of combining and presenting the financial data of a parent company and its subsidiaries as one entity's financial statements.

Consolidation Worksheet

A tool used in the preparation of consolidated financial statements that combines the financial information of a parent company and its subsidiaries.