Evidence points out that since the mid-1950s just about every recession was preceded by rising interest rates.This suggests that the recessions were:
A)Caused in part by the actions of the Federal Reserve
B)The result of changes in consumer confidence
C)Due to increases in oil prices and other production costs
D)Caused by simultaneous shifts in aggregate demand and aggregate supply

Question

Quizplus · Accepted Answer

The evidence showing a pattern of rising interest rates preceding recessions suggests that the actions of the Federal Reserve in raising interest rates may have played a role in causing these economic downturns.

Evidence Points Out That Since the Mid-1950s Just About Every