Which of the following is not correct?
A)The inflation rate is measured as the percentage change in a price index.
B)For the last 40 or so years,U.S.inflation hasn't shown much variation from its average rate of about 2 percent.
C)During the 19th century there were long periods of falling prices in the U.S.
D)Some economists argue that the costs of moderate inflation are not nearly as large as the general public believes.

Question

Quizplus · Accepted Answer

The statement is incorrect because U.S. inflation has shown significant variation over the last 40 years, with periods of high inflation, such as in the late 1970s and early 1980s, and low inflation, such as in the 2010s.

Which of the Following Is Not Correct