Which of the following statements concerning the history of U.S.inflation is not correct?
A)Prices rose at an average annual rate of about 3.6 percent over the last 80 years.
B)There was about a 17-fold increase in the price level over the last 80 years.
C)Inflation in the 1970s was below the average over the last 80 years.
D)The United States has experienced periods of deflation.

Question

Quizplus · Accepted Answer

Inflation in the 1970s was actually above the average over the last 80 years.

Which of the Following Statements Concerning the History of U