Oil prices were pushed much higher twice during the 1970s. The Fed responded by allowing the quantity of money to grow rapidly
A) following the first oil price hike but not following the second oil price hike.
B) following the second oil price hike but not following the first oil price hike.
C) following neither oil price hike.
D) following the first oil price hike and also following the second oil price hike.
Correct Answer:
Verified
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