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:

Point Bar

A sedimentary formation consisting of alluvium, built up along the inner curve of rivers and streams beneath the slip-off slope.

Floodplain

An area of relatively smooth land adjacent to a stream channel that is intermittently flooded when the stream overflows its banks.

Sedimentation

The process by which material is deposited by wind, water, or ice, often resulting in layers of sediment that can eventually form sedimentary rocks.

Stream Channel

A stream channel is the physical confinement of a river or stream, composed of a bed and banks, which directs the flow of water.