Which of the following statements is true about the behavior of the CPI?
A) It has risen steadily since 1960.
B) It has fallen steadily since 1960.
C) It fell during the 1960s and has risen ever since.
D) It rose sharply in the 1970s and then declined in the 1980s.
E) It has risen and fallen with roughly equal frequency since 1960.

Question

Quizplus · Accepted Answer

The CPI has risen steadily since 1960, with some fluctuations in the 1970s and 1980s due to oil price shocks and policy responses.

Which of the Following Statements Is True About the Behavior