Which of the Following Is a Possible Reason for the Improved

question 29

Multiple Choice

Which of the following is a possible reason for the improved economic performance since 1985?

• A) Demand Shocks have become smaller and less important
• B) Monetary and fiscal policy have become more effective
• C) Change in conditions that make monetary and/or fiscal policy more powerful
• D) All of the above

---

Definitions:

Code-Law Countries

Nations that follow a systematic collection of laws and legal principles, typically codified, guiding legal processes and judicial decisions.

Common-Law Countries

Countries that follow a legal system originating in England, characterized by the doctrine of precedent, under which the outcomes of legal proceedings can be influenced by previous court decisions.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that serve as a global framework for preparing financial statements.

Accounting Standards

Rules and guidelines set by regulatory bodies that determine the framework for financial reporting and accounting practices.