In the United States, the inflation rate has
A) risen constantly over the past 30 years.
B) remained almost constant over the past 25 years.
C) risen and fallen since the 1970s.
D) fallen as a result of OPEC oil price hikes.

Question

Quizplus · Accepted Answer

The inflation rate in the United States has risen and fallen since the 1970s. While there have been periods of high inflation, such as in the 1970s and early 1980s, there have also been periods of relatively low inflation, such as in the 1990s and early 2000s. Therefore, option A and B are incorrect. Additionally, OPEC oil price hikes may have had an impact on inflation in the past, but it is not the primary cause for changes in the inflation rate over the past 30 years, making option D incorrect.

In the United States, the Inflation Rate Has