Stock and Watson Found That ________ Was Responsible for About

question 21

Multiple Choice

Stock and Watson found that ________ was responsible for about 20-30 % of the reduction in output volatility that occurred in the mid-1980s.

• A)reduced shocks to productivity
• B)reduced shocks to food and commodity prices
• C)better monetary policy
• D)better inventory control

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Definitions:

Well-Being

The state of being comfortable, healthy, or happy, often used to describe the quality of life for individuals and societies.

U.S. Residents

Individuals living in the United States, including citizens, permanent residents, and long-term visitors.

Legal Final Goods

Goods that have been produced, fully completed, taxed, and meet legal standards for sale to consumers.

Illegal Final Goods

Products that have been banned or prohibited by law, yet are still produced and distributed in the market.