Which of the Following Best Describes U

Multiple Choice

Which of the following best describes U.S. economic conditions in the 1980s?

A) Deflation occurred because the Fed reacted too much to AD shocks.
B) High inflation occurred because the Fed reacted too little to AD shocks.
C) High real growth occurred because of the deliberate actions of the Fed.
D) Disinflation occurred because of the deliberate actions of the Fed.