In the 1965 to 1973 period,U.S.policymakers ________.
A)targeted an unemployment rate that,in hindsight,was likely too low
B)pursued an easing of monetary policy designed to increase aggregate demand
C)made some mistakes that led to the most sustained inflationary episode in U.S.history
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

During the 1965 to 1973 period, U.S. policymakers pursued policies that targeted an unemployment rate that was likely too low and pursued an easing of monetary policy to increase aggregate demand. However, these policies led to some mistakes that resulted in the most sustained inflationary episode in U.S. history. Therefore, option D, "all of the above," is the correct answer.

In the 1965 to 1973 Period,U.S.policymakers ________