In the United States,
A)the average inflation rate was higher before 1950 than after
B)the average inflation rate was higher after 1950 than before
C)inflation caused no serious problems before World War II
D)inflation caused no serious problems after World War II
E)the implicit price deflator was used to measure inflation before World War II,and the consumer price index has been used since then.

Question

Quizplus · Accepted Answer

The average inflation rate was higher after 1950 than before. This is supported by historical data which shows that the average inflation rate in the US was 1.79% per year from 1945 to 2019, compared to 0.52% per year from 1800 to 1945.