Author Question: Which of the following factors have not contributed to the Great Moderation of real GDP in the U.S. ... (Read 56 times)

Charlie · **on:** Jun 30, 2018

Which of the following factors have not contributed to the Great Moderation of real GDP in the U.S. over the past 20 years?
a. Better inventory management
b. Better macroeconomic policy
c. Greater availability of financial products for lending and borrowing
d. Imposition of a ceiling on interest rates
e. Smaller real shocks

Question 2

When a 9 increase in price leads to a 6 increase in quantity supplied, supply is relatively inelastic.
a. True
b. False
Indicate whether the statement is true or false