During the Early 1990s, What Did the Fed Succeed in Doing

Multiple Choice

During the early 1990s, what did the Fed succeed in doing?

A) The Fed successfully reduced rates across the maturity spectrum.
B) The fed funds rate rose to 13%, and the yield on 10-year government bonds was also high, touching 15.72% in December 1993.
C) It succeeded in aiding an economic expansion that unfortunately caused a rising civilian unemployment rate.
D) It spearheaded an economic recession with a falling real GDP.