In 1979, President Carter hoped to appoint a Fed chairman who would bring down inflation, thus helping President Carter to be reelected in 1980. In this respect, President Carter was
A) successful; inflation was brought down and he was reelected.
B) unsuccessful; inflation remained high and he was defeated for reelection.
C) partly successful; inflation was brought down but he was defeated for reelection.
D) partly successful; inflation remained high but he was reelected.
Correct Answer:
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