The prices of goods and services have remained relatively stable over the last three decades, but the year-to-year rate of change in those prices has increased dramatically.

Question

Quizplus · Accepted Answer

While there have been periods of relative stability in the prices of goods and services over the last three decades, the statement that the year-to-year rate of change in those prices has increased dramatically is not accurate. Inflation rates, which measure the rate of change in prices, have fluctuated and in many economies have been targeted to remain within certain bounds by central banks, rather than showing a dramatic increase in variability.

The Prices of Goods and Services Have Remained Relatively Stable