In the United States from 1981 to 1983,the money supply ________ and the inflation rate ________.

Question

Quizplus · Accepted Answer

From 1981 to 1983, the United States experienced a period of monetary tightening under Federal Reserve Chairman Paul Volcker. The money supply growth rate was slowed down significantly to combat high inflation. As a result, the inflation rate decreased during this period, even though the process was gradual and involved high interest rates.

In the United States from 1981 to 1983,the Money Supply