Question

The New Economy of the Nineties is characterized by each of the following except Select one:

a. rising federal budget deficits
b. major technological change
c. low inflation
d. low unemployment

Answer 1

Option D.

Step-by-step explanation:

Low unemployment, is the right answer.

The term New Economy was used to refer to the continuous advancement resulted from the assumptions of the classical economics as a consequence not only from the shift from an economy based on manufacturing to a economy with its basis as service but also involved the new boundaries emerged from the continuous emerging of new parameters of new technology and discoveries. The term came into general use with the dot-com bubble of the late 1990's. The low inflation, high employment and high growth during this period commenced to overly confident forecasts and various flawed market strategies.