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Question: In 1979, Fed Chairman G. William Miller boosted the growth in the money supply in order to keep the economy from falling into recession and cause Jimmy Carter to have to run for reelection in a recession year. However, the economy did indeed plunge into recession in 1980. What was Miller's principal mistake?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M93113873

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