From the Commanding Heights video (and the book) you learned that in the late 1970's and early 1980's inflation _________ because Paul Volcker pushed for_____________.However, at the same time, ____________ passed by Ronald Reagan caused:

a.Worsened; expansionary monetary policy; legislation that reduced regulations; an increase in aggregate supply.

b.Was dramatically reduced; contractionary monetary policy; tax cuts; aggregate demand to increase into segment III of the aggregate supply curve.

c.Fell sharply; a tightening of the money supply; tax cuts and deregulation; aggregate supply to increase dramatically.

d.Turned into stagflation; tax increases; lower interest rates; the recession to end.