What Do Many Economists Think Contributed to the Greater Than

Multiple Choice

What do many economists think contributed to the greater than 13% inflation rates experienced by the United States in the 1980s?

A) The Fed was inflexible in its rule of 3% growth.
B) The Fed did not do enough to increase money supply.
C) The Fed overstimulated the economy with too much money in the 1970s.
D) The Fed did not react to the oil shocks of the 1970s.