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.

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Chapter17: Production And Growth
Section: Chapter Questions
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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.
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.
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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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