"<span>The </span>United States in the 1950s<span> experienced marked economic growth – with an increase in manufacturing and home construction amongst a </span>post–World War II economic expansion<span>. The </span>Cold War<span> and its associated conflicts helped create a politically conservative climate in the country, as the quasi-confrontation intensified throughout the entire decade. Fear of </span>communism<span> caused public Congressional hearings in both houses of </span>Congress<span> while </span>anti-communism<span> was the prevailing sentiment in the United States throughout the period." -Wikipedia</span>
Inflation can be reduced by policies that slow down the growth of AD and/or boost the rate of growth of aggregate supply (AS) Controlling aggregate demand is important if inflation is to be controlled.
