Over the past 30 years,the highest inflation rates occurred under Fed chair _______________ during the ________________.
A) Paul Volcker;late 1990s
B) Alan Greenspan;late 1990s
C) Paul Volcker;early 1980s
D) Ben Bernanke;early 1990s

Question

Quizplus · Accepted Answer

The highest inflation rates occurred under Fed chair Paul Volcker during the early 1980s, when he implemented tight monetary policies to combat inflation which caused short term pain but long term gain in stabilizing the economy. The late 1990s saw a period of low inflation rates, so choices A and B are incorrect. Ben Bernanke became Fed chair in 2006 and oversaw the response to the 2008 financial crisis, but inflation rates during his tenure did not reach the highs seen in the early 1980s. Therefore, choice D is also incorrect.

Over the Past 30 Years,the Highest Inflation Rates Occurred Under