Select the correct answer
Which action can the Federal Reserve take to pursue a tight-money policy?
A
raise tax rates on all taxpayers to increase revenues
B. decrease the amount of money in the economy
C. regulate trading between banks and customers
D. prevent the government from running a deficit
E
increase the amount of money in the economy

answer: B. decrease the amount of money in the economy (happy to help)

Explanation:

the outcome of 1970 oil crisis in united states was that, they began to search ways on how to reduce oil.

in 1970 was a period when there were energy and oil crisis. those who were major centers for industrialization were forced to keep way from supplying of petroleum.

some of the result of this crisis was economic growth became stagnant because prices of oil surged.

due to the increased prices some countries like mexico and norway benefited.

john maynrd keynes developed new economic respose to the                           ( b. great depression if the 1930's)