Since 1970, the U.S. economy has experienced ________ period(s) of high inflation.
A) 1
B) 2
C) 3
D) 4

Name: Since 1970, the U.S. economy has experienced ________ period(s) of high inflation. A) 1 B) 2 C) 3 D) 4
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Question

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The U.S. economy has experienced two periods of high inflation since 1970. The first was in the 1970s, when inflation peaked at over 13% in 1979. The second occurred in the early 2000s, when inflation rose to over 3% in 2007 and 2008.