Multiple Choice
Which of the following is NOT a reason why the Crow disinflation of the 1990s was more controversial than the Bouey disinflation of the 1980s?
A) The 1990s reduction of the inflation rate from 4% to 2% was seen as less desirable than the 1980s reduction of the inflation rate from 12% to 4%.
B) The Crow disinflation was not successful at reducing inflation.
C) The Crow disinflation was associated with a longer recession than the Bouey disinflation.
D) The Crow disinflation was associated with greater cumulative lost output than the Bouey disinflation.
E) The Bouey disinflation represented a smaller fall in inflation than the Crow disinflation.
Correct Answer:

Verified
Correct Answer:
Verified
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