In general terms describe trends in the inflation rate,considering the period since 1953.How are these trends related to movements in the inflation rate over this period?

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The Answer is Trend inflation rose steadily in the 1950s and 1960s,then rose dramatically during the 1970s.Beginning in the early 1980s,inflation fell precipitously until 1987,then has remained relatively constant around 2% since.

In General Terms Describe Trends in the Inflation Rate,considering the Period