Of the following statements regarding macroeconomic performance since 1960, which is not true?
A) The 1980s and 1900s are the longest peacetime expansions the United States has experienced.
B) Since the mid-1980s, real GDP fluctuations have fallen substantially.
C) The period from the late 1960s through the mid-1980s is characterized by both high inflation and large GDP fluctuations.
D) Since the mid-1980s, both inflation and real GDP fluctuations have fallen substantially.
E) The period from the late 1960s through the mid-1980s is characterized by low inflation and large GDP fluctuations.

Question

Quizplus · Accepted Answer

The period from the late 1960s through the mid-1980s is actually known for high inflation, not low inflation, alongside large GDP fluctuations. This era included the stagflation of the 1970s, where the economy experienced both high inflation and stagnation.

Of the Following Statements Regarding Macroeconomic Performance Since 1960, Which