what did the federal reserve do to try to reduce inflation?\nallowed interest rates to fall\nallowed…

Answer:

B. Allowed interest rates to rise

Brief Explanations:

The Federal Reserve can raise interest - rates to reduce inflation. Higher interest rates make borrowing more expensive, which can slow down economic activity and reduce demand - pull inflation. Price controls are generally not a tool used by the Federal Reserve to combat inflation. Lowering interest rates would likely increase economic activity and potentially fuel inflation rather than reduce it.