raise inflation. The fall in inflation from 1981 to 1984 is attributable to the tough
anti-inflation policies of Fed Chairman Paul Volcker.
CHAPTER 33 T H E S H O R T - R U N T R A D E O F F B E T W E E N I N F L AT I O N A N D U N E M P L O Y M E N T 781
Figure 33-11
THE VOLCKER DISINFLATION.
Inflation Rate This figure shows annual
(percent per year)
data from 1979 to 1987 on
,
chanel reading glasses