History Generally Supports the Contention That Under the Guidance of Paul

Multiple Choice

History generally supports the contention that under the guidance of Paul Volcker, a (n) ____________ Fed policy brought down the double-digit inflation of the 1970s and the early 1980s, and the Federal Open Market Committee consistently responded to his leadership.

A) loosening of
B) restrictive
C) expansionary
D) two of the above
E) none of the above