Which of the following did not contribute to higher inflation in the late 1970s?
A) expansionary monetary policies used to lower the unemployment rates below the natural rate
B) Paul Volcker becomes the Fed Chairman
C) an oil shock in 1979
D) expansionary fiscal policies used to lower the unemployment rates below the natural rate

Question

Quizplus · Accepted Answer

Paul Volcker becoming the Fed Chairman did not contribute to higher inflation; instead, he implemented policies to combat it.

Which of the Following Did Not Contribute to Higher Inflation