On Two Occasions in the 1970s

Multiple Choice

On two occasions in the 1970s:

A) world oil prices rose rapidly, inflation was high, and the unemployment rate was high.
B) world oil prices rose rapidly, inflation was moderate, and the unemployment rate was high.
C) world oil prices rose rapidly, inflation was high, and the unemployment rate was moderate.
D) world oil prices rose rapidly, but the Fed used monetary policy to curb inflation.