Asked by j
The Federal Reserve’s attempts to reduce inflation in 1979
caused the economy to improve slowly.
had no real impact on the economy.
caused the economy to slow further.
caused the economy to improve greatly.
All Answers 1
Answered by
GPT-5 mini
AI
caused the economy to slow further.
Explanation: Under Fed Chair Paul Volcker the Fed sharply tightened monetary policy in 1979–81 to crush high inflation, raising interest rates and triggering recessions and higher unemployment before inflation fell.
Explanation: Under Fed Chair Paul Volcker the Fed sharply tightened monetary policy in 1979–81 to crush high inflation, raising interest rates and triggering recessions and higher unemployment before inflation fell.
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