If the Economy Has Been Experiencing High Inflation,as It Was

Multiple Choice

If the economy has been experiencing high inflation,as it was in the late 1970s,sharply reducing that inflation rate through monetary policy (as Paul Volcker did) is likely to

A) increase short-run economic growth, triggering an economic expansion.
B) produce a recession in the short run.
C) increase demand for expensive items like cars and houses.
D) reduce the unemployment rate in the short run.