Which of the Following Did Not Contribute to Higher Inflation

question 116

Multiple Choice

Which of the following did not contribute to higher inflation in the late 1970s?

• A) expansionary monetary policies used to lower the unemployment rates below the natural rate
• B) Paul Volcker becomes the Fed Chairman
• C) an oil shock in 1979
• D) expansionary fiscal policies used to lower the unemployment rates below the natural rate

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The process of thinking that requires conscious effort and attention, as opposed to automatic or instinctive thought processes.

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