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:

Transportation

The movement of people or goods from one location to another using various modes such as road, rail, air, or sea.

Giovanni Arnolfini

A wealthy merchant from Renaissance Bruges, frequently associated with the famous painting by Jan van Eyck believed to depict him and his wife.

Fidelity

The degree of accuracy by which a copy reproduces its source or the loyalty to faithfulness to obligations, duties, or commitments.

Dukes of Burgundy

Titles held by the rulers of the Burgundian State, spanning parts of modern-day France, Belgium, and the Netherlands from the 9th to the 15th centuries.