In Order to Change Inflationary Expectations in 1979,the Fed's Monetary

question 217

Multiple Choice

In order to change inflationary expectations in 1979,the Fed's monetary policy under Paul Volcker's leadership resulted in ________ and ________.

• A)disinflation; high unemployment
• B)steep inflation; low unemployment
• C)disinflation; low unemployment
• D)steep inflation; high unemployment
• E)deflation; high unemployment

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Definitions:

National War Labor Board

A government agency established during World War I and again during World War II to mediate labor disputes and prevent strikes that could disrupt production in wartime industries.

U.S. Labor Relations

The relationship between workers and employers in the United States, governed by laws and regulations pertaining to collective bargaining, workers' rights, and dispute resolution.

Knights of Labor

A significant labor organization in the late 19th century United States, known for advocating a broad spectrum of reforms to improve the conditions of workers.

Primary Goals

Fundamental objectives or targets that an individual, group, or organization aims to achieve.