Social Studies, 03.02.2020 03:56 emmina

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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During the 1970s the federal reserve allowed rapid credit expansion in order to combat unemployment....

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