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zubka84 [21]
2 years ago
12

From 2004 to 2006 the Fed raised the federal funds rate gradually in a series of steps. The Fed's purpose was to raise the prime

interest rate so that: a banks would reduce lending that was building up unmanageable consumer debt. b aggregate demand would continue to grow consistently and with low inflation. c high inflation rates would fall. d aggregate supply would grow, increasing output and lowering the price level.
Business
1 answer:
zheka24 [161]2 years ago
8 0
It’s c: high inflation rates would fall.
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Cash flow from Operating activities - Indirect method

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6 0
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