Inflation Trivia #8: Policy Solutions
During the prior inflationary cycle, under several U.S. presidents, the government implemented a wide variety of policy approaches.?Most were utter failures.?
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Question:?Which policy solution actually worked to break inflation?
Answer Choices:
a) Wage-price controls
b) Positive real interest rates
c) Energy rationing
d) Income tax increases?
e) Excess profits tax
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