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In 1980,the Inflation Rate Reached About 14 Percent

Question 51

Multiple Choice

In 1980,the inflation rate reached about 14 percent.The Federal Reserve __________ interest rates,sending the economy into a(n) __________.When doing so,the Federal Reserve knew this would be the case because of the __________.


A) raised;expansion;Phillips curve
B) raised;recession;Phillips curve
C) raised;recession;Okun relationship
D) decreased;recession;Phillips curve
E) decreased;expansion;Phillips curve

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