Which of the following is not correct?
A) The inflation rate is measured as the percentage change in a price index.
B) For the last 40 or so years,U.S.inflation hasn't shown much variation from its average rate of about 2 percent.
C) During the 19th century there were long periods of falling prices.
D) Some economists argue that the costs of moderate inflation are not nearly as large as the general public believes.
Correct Answer:
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