Compared to other industrial nations, inﬂation rates in the United States are
A) signiﬁcantly higher.
B) signiﬁcantly lower.
C) signiﬁcantly higher than those in Europe and signiﬁcantly lower than those in Japan.
D) neither signiﬁcantly higher nor signiﬁcantly lower.

Question

Quizplus · Accepted Answer

Inflation rates can vary significantly over time and between countries, but historically, the United States has experienced periods where its inflation rates were neither consistently higher nor consistently lower than those of other industrial nations. This fluctuation depends on a variety of economic factors, including monetary policy, fiscal policy, and external economic conditions.

Compared to Other Industrial Nations, Inﬂation Rates in the United