Moving along the inelastic portion of a demand curve, a large percentage change in price leads to a smaller percentage change in quantity demanded

What factors can start a cost-push inflation? What must the Fed's response be for the inflation to continue?

What will be an ideal response?

The chairman of the Federal Reserve's Board of Governors

A) controls the agenda of the Federal Open Market Committee meetings. B) is the main point of contact between the Fed and the President of the U.S. C) receives frequent background briefings on monetary policy issues from a large staff of economists and technical experts. D) All of the above answers are correct.