The Great Moderation Refers To

question 53

Multiple Choice

The Great Moderation refers to:

• A)the period from 1982 to 2008 when business cycles were longer and relatively mild.
• B)the recession that began in 2008 and continued through to 2009.
• C)the fact that businesses and governments cannot smooth out the business cycle.
• D)the period from 1982 to 2008 when cycles were shorter.

---

Definitions:

Procedure Codes

Standardized numeric or alphanumeric codes used to identify specific health care procedures for billing and documentation.

Services Rendered

The completed work or duties performed by someone, often referring to professional tasks.

Statement

A document or report summarizing transactions, balances, and other financial information for a specified time period.

Payment

The exchange of funds or items for a service or product.