In 1980,the Inflation Rate Reached About 14 Percent,due in Part

Multiple Choice

In 1980,the inflation rate reached about 14 percent,due in part to ___________.The Board of Governors of the Federal Reserve under __________ decided to __________ interest rates,sending the economy into a __________.

A) a fall in oil prices;Volcker;raise;recession
B) an increase consumer spending;Volcker;reduce;recession
C) an increase in oil prices;Volcker;raise;recession
D) an increase in oil prices;Volcker;reduce;boom
E) a fall in oil prices;Greenspan;raise;recession