Which of the following were policies implemented by Paul Volcker in response to inflationary pressure in the 1980s?
A) Increase the money supply and interest rates.
B) Tighten money supply to raise interest rates.
C) Increase tax rates to slow down the economy.
D) Increase government spending to lower the unemployment rates.

Question

Quizplus · Accepted Answer

Paul Volcker implemented policies to tighten the money supply in order to raise interest rates, which helped to combat inflation. Options A, C, and D are not accurate descriptions of Volcker's policies in response to inflation.

Which of the Following Were Policies Implemented by Paul Volcker