Figure 28-9
-Refer to Figure 28-9. Fed Chairman Paul Volcker's response to high inflation of the late 1970s is depicted in the figure above as a movement from

Question

Figure 28-9 
-Refer to Figure 28-9. Fed Chairman Paul Volcker's response to high inflation of the late 1970s is depicted in the figure above as a movement from

Quizplus · Accepted Answer

The correct answer is C because the figure shows that the Fed's response to high inflation was to move from point C (high inflation and high unemployment) to point D (low inflation and high unemployment) to point A (low inflation and low unemployment).

Figure 28-9 -Refer to Figure 28-9. Fed Chairman Paul Volcker's Response to Volcker's