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    Money the Financial System
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    Exam 27: Information Problems and Channels for Monetary Policy
  5. Question
    Credit Controls Were Removed in July 1980 Because They Had
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Credit Controls Were Removed in July 1980 Because They Had

Question 6

Question 6

Multiple Choice

Credit controls were removed in July 1980 because they had


A) proved to have little impact on economic activity.
B) resulted in sharp increases in interest rates.
C) raised the inflation rate.
D) produced a recession.

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