Which of the statements below is FALSE?
A) Inflation has varied from a low of 5% to a high of slightly over 13%.
B) The average rate for the 3-month U.S. Treasury bill over the past 50 years has been 5.23%.
C) The average inflation the past 50 years has been 4.05%.
D) The average real interest rate over the past fifty years has been 1.18%.

Question

Quizplus · Accepted Answer

The statement about inflation varying from a low of 5% to a high of slightly over 13% is false, as inflation rates have been lower than 5% at times.

Which of the Statements Below Is FALSE