Possible Explanations for the Greater Stability of Real GDP Growth

question 55

Multiple Choice

Possible explanations for the greater stability of real GDP growth and inflation in the 1990s and early 2000s compared to the 1970s and 1980s,include all of the following except:

• A) good policymaking by central banks.
• B) good luck,including fewer adverse supply shocks.
• C) better measurement of economic variables.
• D) structural change to a more service-oriented economy.

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Definitions:

Figure Panel

A component of scientific figures, often part of a larger figure, that displays a specific aspect or result of the research.

Chartjunk

Decoration that is irrelevant to a visual and that may be misleading.

Contrast

A technique for highlighting differences between two or more objects, ideas, or texts.

Truncated Scales

Truncated scales refer to measurement scales that have their range shortened, either at the high or low end, to improve focus on a particular range of values or responses.