What event led to the end of the Great Moderation?
A. The Great Depression
B. The Great Recession
C. Stagflation
D. The Great Crash
Answer: B
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Which of the following forms of money is the least liquid?
a. Dollars. b. Checking account deposits. c. Passbook savings. d. Certificates of deposit.
A coincident indicator will change before a recession begins
a. True b. False Indicate whether the statement is true or false
Which of the following was most responsible for bringing the Great Depression to an end?
a. the increase in industrial demand due to the military build-up prior to World War II b. the expansionary monetary policy of the Fed during the 1930s c. the New Deal policies that expanded government spending, stimulated demand, and increased output d. the increase in import tariffs that saved jobs and expanded total employment
Central banks:
A. stopped being used after events like the Great Depression proved them useless. B. in the United States oversee the U.S. economy, as well as some developing nations who do not have a central bank. C. exist in almost every major nation. D. are common only to industrialized nations.