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Dmitriy789 [7]
2 years ago
10

In the late 1970s the rate of inflation was very high, exceeding 10% in 1979 and 1980. As a result, the Federal Reserve used ___

_______ to raise the federal funds rate.
Business
1 answer:
Mama L [17]2 years ago
6 0

In the late 1970s the rate of inflation was very high, exceeding 10% in 1979 and 1980. As a result, the Federal Reserve used Tight monetary policy to raise the federal funds rate.

<h3>What is the rate of inflation?</h3>

Rate of inflation is the increase in price in a given period of time. Inflation is usually described as a wide measure of price increases or increases in the cost of living in a nation.

Example of Inflation goes up when prices increase, reducing your dollar's buying power.

Thus, it is Tight monetary policy.

For more information about Rate of inflation, click here:

brainly.com/question/27058067

#SPJ1

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