Since the Federal Reserve was established in 1913,the U.S.has experienced three periods of high inflation and each was preceded and accompanied by a period of sharp decline in the money supply

Question

Since the Federal Reserve was established in 1913,the U.S.has experienced three periods of high inflation and each was preceded and accompanied by a period of sharp decline in the money supply​

Quizplus · Accepted Answer

While the Federal Reserve was established in 1913, and the U.S. has experienced periods of high inflation, these periods were not consistently preceded and accompanied by a sharp decline in the money supply. In fact, high inflation periods often occur after increases in the money supply.

Since the Federal Reserve Was Established in 1913,the U