Refer te fgure 7: iElass, we discusssd ths evelution of the grewth rate ef Y.S Feal SBB ESpecially with resBEEt ts its variability (i.e the Great Mederation). What is true abeut the &r Mederation? 8 it Fefers t8 thê FEdUEtion IR V8latility that mast maErdeconomic aggregates, llke U.S. expertenced šinEE thE Mid-1980s. Feal GDP Substan It refers to the substantial change in the average growth of U.S. real GDP after the mid-1980s. O None of the options. O It refers to the increase in volatility that most macroeconomic aggregates, like U.S, real GDP, experienr since the mid-1980s.
Refer te fgure 7: iElass, we discusssd ths evelution of the grewth rate ef Y.S Feal SBB ESpecially with resBEEt ts its variability (i.e the Great Mederation). What is true abeut the &r Mederation? 8 it Fefers t8 thê FEdUEtion IR V8latility that mast maErdeconomic aggregates, llke U.S. expertenced šinEE thE Mid-1980s. Feal GDP Substan It refers to the substantial change in the average growth of U.S. real GDP after the mid-1980s. O None of the options. O It refers to the increase in volatility that most macroeconomic aggregates, like U.S, real GDP, experienr since the mid-1980s.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 28CTQ: Why do you mink the U.S. experience with inflation over the last 50 years has been so much milder...
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Question
29
Transcribed Image Text:Question 29
Figure 7: U.S. quarterly real GDP growth: 1974:Q2 - 2020:Q1
1947
1957
1967
1927
1987
1997
2007
2917
Refer te figure 7: lm lass, we diseusssd the evelution sf the grewth rats ef U.S. real SBR
ESPEcially with respEEt to its variability (i.e the Sreat Mederation). What is trHe abeut the Great
Mederation?
a It Fefers t8 thê FEauEti8A In V8iatillity that most måcfoeconomic aggregates, like U.S. Feal GDP,
expertenced sinEɛ thE Mid-19805.
O It refers to the substantial change in the average growth of U.S. real GDP after the mid-1980s.
O None of the options.
O It refers to the increase in volatility that most macroeconomic aggregates, like U.S. real GDP, experjenced
since the mid-1980s.
Expert Solution
Step 1
The Great Moderation from the mid-1980s to 2007 was a multi-decade period of low inflation and positive economic growth in US economy.
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