In recent U.S. experience, inflation has:
A) been persistent from year to year, whereas in the nineteenth century inflation had little persistence.
B) been persistent from year to year, and this was also true in the nineteenth century.
C) not been persistent from year to year, although it was persistent in the nineteenth century.
D) not been persistent from year to year, and the same was true in the nineteenth century.

Question

Quizplus · Accepted Answer

In recent U.S. experience, inflation has shown a tendency to be persistent from year to year, contrasting with the nineteenth century when inflation was less persistent and more likely to be influenced by immediate, transient factors such as gold discoveries or short-term economic fluctuations.

In Recent U.S. Experience, Inflation Has