Paul Volcker's inflation reduction efforts
A)failed to reduce inflation.
B)failed to reduce expected inflation.
C)resulted in the highest unemployment rate since the Great Depression.
D)none of the above are correct.

Question

Quizplus · Accepted Answer

Paul Volcker's efforts to reduce inflation in the early 1980s led to high interest rates, which resulted in a significant recession and the highest unemployment rate since the Great Depression.

Paul Volcker's Inflation Reduction Efforts