Which of the following statements about the history of inflation in the U.S.is true?

Question

Quizplus · Accepted Answer

The statement that inflation averaged roughly 2% from 1950-1965, rose until the early 1980s, and has fallen slowly since is true. This period is often referred to as the "Great Inflation" era, with inflation rates peaking at 13.3% in 1979. The Federal Reserve took drastic measures, such as raising interest rates to double digits, to combat this high inflation. Since then, inflation has gradually fallen and has averaged around 2% in recent years.

Which of the Following Statements About the History of Inflation