The Great Moderation Describes the Period

question 40

Multiple Choice

The Great Moderation describes the period

• A)between 1990 and 2005 when real GDP grew significantly more slowly than did potential GDP.
• B)of relatively steady growth in real GDP after the year 2000.
• C)of relatively steady growth in real GDP between 1991 and 2008.
• D)of very slow growth in real GDP after 1990.
• E)between 2000 and 2008 when potential GDP did not increase.

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Definitions:

Punished

The act of imposing a consequence or penalty on someone for a perceived wrongdoing or undesirable behavior.

Responses

Reactions or replies to stimuli, questions, or actions, which can vary from verbal to non-verbal and emotional to physical.

B.F. Skinner

An American psychologist and behaviorist known for his work in developing the theory of operant conditioning, emphasizing the role of reinforcement in shaping behavior.

Childhood Misbehavior

Actions or conduct by children that are inappropriate or disruptive, often challenging parents, teachers, or other authority figures.