During the mid-1980s, Israel had a high rate of inflation, and prices often rose by more than 10% per month.

Question

Quizplus · Accepted Answer

This statement is true. During the mid-1980s, Israel experienced a period of high inflation, with prices often rising by more than 10% per month. This was due in part to the government's expansionary fiscal and monetary policies, as well as external factors such as the decline in the value of the US dollar. The inflation rate peaked at over 400% in 1984, before gradually declining in the following years.

During the Mid-1980s, Israel Had a High Rate of Inflation