The historical record of the Fed's success in controlling inflation has been
A) consistently strong
B) inconsistent
C) consistently disappointing
D) shaped primarily by supply shocks
E) incapable of measurement

Question

Quizplus · Accepted Answer

The historical record of the Fed's success in controlling inflation has been inconsistent, with some periods of successful control and others experiencing inflationary pressures. Changes in economic conditions and external shocks can also affect the Fed's ability to control inflation.

The Historical Record of the Fed's Success in Controlling Inflation