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In 1979, the inflation rate reached about 14 percent. The Federal Reserve ________ interest rates, sending the economy into a(n) ________. When doing so, the Federal Reserve knew this would be the case because of the ________.
Obligations
Duties or commitments that an individual or organization is bound to by law, contract, or moral responsibility.
Honesty
The quality of being truthful and transparent in actions, communications, and transactions.
Property Tax Purposes
The use of property evaluation to determine the amount owed by property owners to municipal or county governments as property tax.
National Retail Chain
A series of retail stores operating under the same brand and management across multiple locations nationwide.
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