Which of the Following Describes the Volcker Disinflation Most Accurately

Multiple Choice

Which of the following describes the Volcker disinflation most accurately?

A) Almost all of the public believed that the Fed would keep money growth low, so unemployment rose less than it would have otherwise.
B) Almost all of the public believed that the Fed would keep money growth low, so unemployment rose more than it would have otherwise.
C) Much of the public did not believe that the Fed would keep money growth low, so unemployment rose less than it would have otherwise.
D) Much of the public did not believe that the Fed would keep money growth low, so unemployment rose more than it would have otherwise.