During the late 1970s and first part of the 1980s,the Fed seemed to react in a counterintuitive manner to the 1970s oil shocks.Explain the reasoning behind the Fed's policy decisions and the effect that they had on the economy.

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The Answer of During the late 1970s and first part of the 1980s,the Fed seemed to react in a counterintuitive manner to the 1970s oil shocks.Explain the reasoning behind the Fed's policy decisions and the effect that they had on the economy.

During the Late 1970s and First Part of the 1980s,the