In the United States,the Great Moderation Refers To

question 16

Multiple Choice

In the United States,the Great Moderation refers to:

• A) a 15-year-long period that began around 1900 during which the growth of real output fluctuated,inflation declined,stock market volatility was reduced,and business cycles were moderated
• B) the time period between 1920 and 1933 when sale,manufacture,and transportation of alcohol was prohibited
• C) a time period that began in 1955 and lasted for nearly a decade during which business cycle fluctuations declined and inflation was under control
• D) a time period that began after World War II and lasted for nearly a decade during the growth of real output fluctuated,inflation declined,stock market volatility was reduced,and business cycles were moderated
• E) a time period that began during the mid-1980s and lasted a little over two decades during which the growth of real output fluctuated,inflation declined,stock market volatility was reduced,and business cycles were moderated

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Definitions:

Laggards

Describes consumers or organizations that are slow to adopt new technologies or innovations, often due to skepticism or lack of resources.

Product Life Cycle

The progression of a product through different stages from introduction to growth, maturity, and decline.

Profit Margins

Ratios or percentages that reveal the profitability of a company by comparing its net income to its sales.

Product Life Cycle

The stages a product goes through from development and introduction to the market, through growth and maturity, and eventually its decline.