Which statements about Federal Reserve Chairman Arthur Burns are true? (circle ALL that apply)

a. He often quoted his mentor, Milton Friedman, saying inflation is always and everywhere a monetary phenomenon.

b. His dovish approach to monetary policy led to very high inflation.

c. He was Fed chairman during the 1979-80 and 1980-1981 recessions.

d. Homebuilders despised him and mailed two by fours to the Fed office building because of his policies.