The "Great Moderation" refers to ________
A) sharp declines in asset prices
B) the long economic expansion of the 1960s
C) the mild economic recoveries of the 1970s and early 1980s
D) the "oil tax" of the 1970s
E) none of the above
E
Economics
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International trade allows countries to:
a. produce outside their PPF. b. produce inside their PPF. c. consume inside their PPF. d. consume outside their PPF.
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Individuals who are more risk averse
a. buy less insurance b. buy more insurance c. are not more or less inclined to buy insurance d. are philosophically opposed to insurance
Economics