contestada

Why did the federal reserve allow interest rates to rise in 1979? to reduce borrowing costs to encourage inflation to reduce unemployment to fight inflation

Respuesta :

Answer:

i would say to fight inflation

Explanation:

ayfat23

Federal reserve allow interest rates to rise in 1979 to fight inflation, learn more about inflation below.

What is inflation?

inflation is the term that refers to the incessant increase in price of goods over a period of time.

Therefore, in 1979, the United States experience an bad economy which was savage by allow interest for people so as to curb inflation.

Learn more about inflation at;

https://brainly.com/question/8149429

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