Asked by Robin Smith on Jul 22, 2024
Verified
Compared to the late 1970s and early 1980s,the rate of inflation in the 1990s would be
A) much higher.
B) a little higher.
C) about the same.
D) a little lower.
E) much lower.
Rate of Inflation
The velocity at which the cumulative price level of goods and services elevates, thereby diminishing the purchasing capability.
- Absorb the understanding and implications of inflation together with disinflation.
- Evaluate the historical progression of unemployment and inflation rates.
Verified Answer
AM
Annie MastersonJul 26, 2024
Final Answer :
E
Explanation :
The rate of inflation in the 1990s was much lower compared to the late 1970s and early 1980s, a period known for its high inflation rates, particularly in the United States and other parts of the world.
Learning Objectives
- Absorb the understanding and implications of inflation together with disinflation.
- Evaluate the historical progression of unemployment and inflation rates.