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A series of oil price increases in the 1970s drove the U.S. economy into stagflation. In response to these shocks, Paul Volcker, an inflation hawk

A series of oil price increases in the 1970s drove the U.S. economy into stagflation. In response to these shocks, Paul Volcker, an inflation hawk and chairman of the Fed at the time, decided to __ bonds to sharply ______ its target for the Federal Funds Rate

Group of answer choices

sell, increase

sell, decrease

buy, increase

buy, decrease

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