What has been TRUE about inflation in the United States since 1960?
A) Inflation rates have been consistently above 100 percent per year.
B) The nation has experienced persistent deflation.
C) The annual rate of inflation has varies around zero percent.
D) Inflation rates have been consistently positive.

Question

Quizplus · Accepted Answer

Inflation rates in the United States have been consistently positive since 1960. While there have been periods of higher and lower inflation rates, the overall trend has been positive. Option A is clearly incorrect, as inflation rates above 100 percent per year would indicate hyperinflation (which has not occurred in the US since the early 20th century). Option B is also clearly incorrect, as the US has not experienced persistent deflation since the Great Depression in the 1930s. Option C is partially correct in that there have been years with very low inflation rates, but overall the average annual rate has still been positive.

What Has Been TRUE About Inflation in the United States