-Refer to Figure 7-1.Based on the figure,
A) since 1990,the price level has fallen
B) the price level was the highest in 1980
C) since 1965,the price level has risen sometimes and fallen other times
D) since 1965,the price level has risen every year
E) cannot tell what has happened to the price level since 1965

Question

-Refer to Figure 7-1.Based on the figure,
A) since 1990,the price level has fallen 
B) the price level was the highest in 1980 
C) since 1965,the price level has risen sometimes and fallen other times 
D) since 1965,the price level has risen every year 
E) cannot tell what has happened to the price level since 1965

Quizplus · Accepted Answer

The statement indicates that the price level has risen every year since 1965, which is a common trend in economies due to inflation.

-Refer to Figure 7-1.Based on the Figure