Question

The federal reserve’s attempts to reduce inflation in 1979 caused the economy to improve slowly. had no real impact on the economy. caused the economy to slow further. caused the economy to improve greatly.

Answer 1

In 1979, the federal reserve increased interest rates to tackle inflation.

which caused the economy to slow further.

What is the Federal Reserve?

The Federal Reserve is the central bank of the USA and formulates the policies for a stable monetary and financial system.

The Federal Reserve regulates the banking system of America through its policies.

The increase in interest rates caused the economy to slow further. Hence, Option C is correct.

To know more about Federal reserve click on the link below:

https://brainly.com/question/7486364

Answer 2

Answer:

C. caused the economy to slow further.