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.
Correct Answer:
Verified
Correct Answer:
Verified
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