In the early 1980s, the disinflation in the United States a. was acco
In the early 1980s, the disinflation in the United States
a. was accompanied by rapidly growing deficits.
b. was costless in terms of output and employment effects.
c. was the result of a well-publicized expansionary monetary policy.
d. did not result in a severe recession.
ANSWER
A
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