Over the past 40 years, which of the following has the U.S. economy experienced?
A)persistent deflation
B)hyperinflation with prices rising at over 100 percent per year
C)persistent inflation
D)secular deflation

Question

Quizplus · Accepted Answer

The U.S. economy has experienced persistent inflation over the past 40 years, with average annual inflation rates ranging from 0.8% to 13.5%. While there have been periods of low inflation or even deflation, overall, the trend has been towards inflation. Hyperinflation and secular deflation have not occurred in the U.S. during this time frame.

Over the Past 40 Years, Which of the Following Has