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

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


Definitions:

Technological Changes

Developments and innovations in technology that can affect economic and social outcomes.

Guaranteed Residual Value

The minimum value guaranteed by a lessor to a lessee regarding the asset's value at the end of the lease term.

Maintenance Agreement

A contract between a service provider and a customer outlining the terms for the maintenance and repair of equipment over a specified period.

Implicit Lease Rate

The interest rate embedded in a lease agreement that equates the value of lease payments to the fair value of the leased asset.

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