The figure shows inflation expectations for U.S. consumers over time. In which time period did consumers expect the highest inflation rates?

A)late 1990s
B)early 1990s
C)late 1970s
D)early 2000s

Question

The figure shows inflation expectations for U.S. consumers over time. In which time period did consumers expect the highest inflation rates?

A)late 1990s 
B)early 1990s 
C)late 1970s 
D)early 2000s

Quizplus · Accepted Answer

The figure shows that consumers expected the highest inflation rates in the late 1970s, with expectations reaching almost 12%.

The Figure Shows Inflation Expectations for U