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Use the Following Figure to Answer the Question

Question 70

Multiple Choice

Use the following figure to answer the question :
Use the following figure to answer the question : -Interest rates increased continuously during the 1970s. The most likely explanation is A) banking failures that reduced the money supply. B) a rise in the level of income. C) the repeated bouts of recession and expansion. D) increasing expected rates of inflation.
-Interest rates increased continuously during the 1970s. The most likely explanation is


A) banking failures that reduced the money supply.
B) a rise in the level of income.
C) the repeated bouts of recession and expansion.
D) increasing expected rates of inflation.

Correct Answer:

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