Multiple Choice
What do many economists think contributed to the over 13 percent inflation rates experienced by the United States in the 1980s?
A) The Fed was inflexible in its rule of 3 percent growth.
B) The Fed did not do enough to increase money supply.
C) The Fed overstimulated the economy with too much money in the 1970s.
D) The Fed did not react to the oil shocks of the 1970s.
Correct Answer:
Verified
Correct Answer:
Verified
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