In the United States, the inflation rate has
A) fallen constantly over the past 30 years.
B) risen and fallen since the 1960s.
C) fallen as a result of OPEC oil price hikes.
D) remained almost constant over the past 25 years.

Question

Quizplus · Accepted Answer

The inflation rate in the United States has not fallen constantly over the past 30 years, nor has it fallen as a result of OPEC oil price hikes. It has, however, risen and fallen since the 1960s, with periods of high inflation in the 1970s and early 1980s followed by a period of relatively low and stable inflation in the 1990s and 2000s.

In the United States, the Inflation Rate Has