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6 June, 02:43

During the 1970s the federal reserve allowed rapid credit expansion in order to combat unemployment. what was the most likely unintended result of this monetary policy action?

A) A drop in unemployment rates

B) A period of stagflation

C) The Oil Crisis of 1973

D) A period of deflation

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Answers (1)
  1. 6 June, 02:51
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    The answer is b, a period of stagflation
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