Since 1960, the price level in the United States has increased in most years.

Question

Quizplus · Accepted Answer

This statement is true. The price level, as measured by the Consumer Price Index (CPI), has increased in most years since 1960, with some exceptions such as the deflation that occurred during the Great Recession. This is due to a combination of factors such as inflationary monetary policies, rising costs of production, and increased consumer demand.

Since 1960, the Price Level in the United States Has