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In Order to Change Inflationary Expectations in 1979,the Fed's Monetary

Question 217

Multiple Choice

In order to change inflationary expectations in 1979,the Fed's monetary policy under Paul Volcker's leadership resulted in ________ and ________.


A) disinflation; high unemployment
B) steep inflation; low unemployment
C) disinflation; low unemployment
D) steep inflation; high unemployment
E) deflation; high unemployment

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