It is the popular perception that inflation is politically unacceptable in the United States
A) even if the cost of reducing it is enduring a large recession.
B) only when it runs at a rate significantly over 10 percent for a long period of time.
C) unless it can be shown to maintain the rate of unemployment below the natural rate.
D) if it is observed to be significantly above the worldwide average.
E) none of the above.

Question

Quizplus · Accepted Answer

Inflation is often seen as politically unacceptable in the United States, especially when the cost of reducing it involves enduring a significant recession. This reflects the difficult trade-offs policymakers must make between controlling inflation and maintaining economic stability.

It Is the Popular Perception That Inflation Is Politically Unacceptable