Every year from 1954 to 1984, the U.S.economy was characterized by higher output and lower prices.

Name: Every year from 1954 to 1984, the U.S.economy was characterized by higher output and lower prices.
Brand: Quizplus
Rating: 4.9 (50 reviews)

Question

Quizplus · Accepted Answer

This statement is false. The period from 1954 to 1984, known as the post-World War II boom, was characterized by higher output and higher prices. This period saw significant economic growth and rising inflation, with prices increasing at an average annual rate of 4.2% during this time.

Every Year from 1954 to 1984, the U