Which of the following is an accurate description of the U.S.inflation rate since 1950?
A) The rate has always been below 4 percent.
B) Inflation was low in the 1970s.
C) Episodes of high inflation occurred in the 1970s and early 1980s.
D) Inflation rates were very high in the 1960s.
E) Episodes of high inflation occurred in the 1990s.

Question

Quizplus · Accepted Answer

Episodes of high inflation occurred in the 1970s and early 1980s. While inflation has been generally low since the early 1990s, there were still brief periods of higher inflation, particularly during the early years of the decade. However, since 2008, the inflation rate has remained below 4 percent. Therefore, options A, B, D, and E are not accurate descriptions of the U.S. inflation rate since 1950.

Which of the Following Is an Accurate Description of the U.S.inflation