The expansionary monetary and fiscal policies of the 1960s resulted in ________ inflation rates and ________ rates of unemployment.

Question

Quizplus · Accepted Answer

The expansionary monetary and fiscal policies of the 1960s increased the money supply and government spending, which stimulated demand and economic growth. However, this also led to higher inflation rates as prices increased, and lower rates of unemployment as businesses hired more workers to keep up with demand. Therefore, high inflation rates and low rates of unemployment are best represented by choice D.

The Expansionary Monetary and Fiscal Policies of the 1960s Resulted