The Widespread Decline in the Volatility of Many Macroeconomic Variables

question 37

Multiple Choice

The widespread decline in the volatility of many macroeconomic variables after 1984 led economists to term this period the

• A)Great Moderation.
• B)Low Volatility Era.
• C)Steady State.
• D)Long Boom.

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Definitions:

Cilia

Microscopic, hair-like structures on the surface of cells that move in a wave-like pattern to transport substances across cellular surfaces or provide locomotion.

Flagella

Long, whip-like appendages that protrude from the cell body of certain cells, used by the cells to move or to sense changes in their environment.

Microtubules

Cylindrical structures that are part of the cytoskeleton in cells, playing roles in cell shape, division, and transport mechanisms.

Spindle

A cellular structure involved in cell division; it is formed of microtubules and proteins and is responsible for separating chromosomes into daughter cells.