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?

contraction

expansion

peak

trough

The Federal Reserve became involved during the peak (second phase) and we know this because during this period of time the stock market remained in the expansion phase for years.

I agree with the previous answer provided by another user. The involvement of the F.R actually enhanced the economy condition of the country.

Hope this helps!

in what process is there a multiple choice answer?

answer: musical connotation

leonard b. meyer (1918-2007) was an american composer, author and philosopher. his work emotion and meaning in music is perhaps the first major treatise on music. it is a philosophical and psychological work, greatly influenced by koffka (one of the major proponents of gestalt psychology). his work deals with the problem of musical meaning and musical communication.