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

question 70

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

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