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Business, 24.06.2021 23:30 eddiewoods8505

In the late 1970s Federal Reserve Chairman Paul Volcker contracted the money supply to reduce the rate of inflation. One result of this monetary policy was: ANSWER Unselected to increase interest rates which reduced aggregate demand. Unselected to reduce interest rates and stimulate aggregate demand. Unselected higher real output for the U. S. during the next few years. Unselected I DON'T KNOW YET

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