In the second half of the twentieth century,the U.S. inflation rate was at its highest in the period from
A) 1960 to the early 1970s.
B) the mid-1970s to the early 1980s.
C) the mid-1980s to the early 1990s.
D) 1990-2000.

Question

Quizplus · Accepted Answer

The highest inflation rate in the second half of the twentieth century occurred in the mid-1970s to the early 1980s, with peak inflation reaching over 13% in 1979. This period saw a combination of factors such as high oil prices, global economic uncertainty, and expansionary fiscal and monetary policies.

In the Second Half of the Twentieth Century,the U