Monetary policy designed to reduce the rate of inflation in the early 1980s resulted in a recession.

Name: Monetary policy designed to reduce the rate of inflation in the early 1980s resulted in a recession.
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This is known as the "Volcker recession" and was a deliberate decision by the Federal Reserve to tighten monetary policy in order to curb inflation. This resulted in a period of high interest rates and a contraction in economic activity, leading to a recession in the early 1980s.

Monetary Policy Designed to Reduce the Rate of Inflation in the Early