In 1981, the Fed
A) created a surprise inflation reduction policy and created an expansion.
B) created a surprise inflation reduction policy and created a recession.
C) credibly announced an inflation reduction policy and created a recession.
D) credibly announced an inflation reduction policy and created an expansion.
E) took no action so that the inflation rate skyrocketed.

Question

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The Answer of In 1981, the Fed
A) created a surprise inflation reduction policy and created an expansion.
B) created a surprise inflation reduction policy and created a recession.
C) credibly announced an inflation reduction policy and created a recession.
D) credibly announced an inflation reduction policy and created an expansion.
E) took no action so that the inflation rate skyrocketed.