The Consequences of the Volcker Disinflation Demonstrated That When Volcker

Multiple Choice

The consequences of the Volcker disinflation demonstrated that when Volcker announced his intention to reduce inflation quickly,on average the public thought

A) he would try to fool them by raising inflation to decrease unemployment.
B) inflation would be unchanged.
C) inflation would fall but not by as much or as quickly as Volcker claimed.
D) inflation would fall even further than Volcker was willing to admit.