An Interesting Aspect of the Recession of 1990/91 Was That

Multiple Choice

An interesting aspect of the recession of 1990/91 was that

A) because of rising oil prices, the inflation rate did not fall
B) unemployment and inflation both increased sharply all through 1991
C) fiscal policy was highly restrictive and the Fed was very inactive
D) fiscal policy was immobilized due to a large budget deficit, while monetary policy did not work well due to credit rationing by banks
E) while the war against Iraq stimulated the economy, the Fed restricted money supply