Following u. s. involvement in the korean war and the related period of low unemployment and rising prices, the federal reserve intervened to curb growth and decrease inflation. at what point in the business cycle did the federal reserve take action?
In the Business Cycle, the trough phase happens after the contraction and before the expansion. That point of the cycle marks the end of the decline that starts in the Contraction phase after the Peak.
The Federal Reserve takes action at this point of the business cycle to stop it and move towards the Expansion phase that is when employment levels, business activity, and gross domestic product resurge.
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This poster encourages support for US entry into World War I to protect the values of liberty in America. It suggests that Germany is made with power and will not stop with Europe but will continue to the US to destroy America as well.