Asked by Reginald Louis on May 04, 2024
Verified
Looking at the Consumer Price Index since the end of World War II,we have had periods of price stability
A) just following World War II (1945-1948) and 1991 to the present.
B) from 1952 through 1965 and 1975 through 1982.
C) from 1975 through 1982 and 1991 to the present.
D) from 1952 through 1965 and 1991 to the present.
Consumer Price Index
A standard that determines the general average pricing of a group of consumer commodities and services, like transportation, food, and medical care.
Price Stability
A situation in which prices in an economy do not change significantly over time, avoiding periods of inflation or deflation.
- Explore the implications of inflation and deflation on economic structures and personal finance.
Verified Answer
ZK
Zybrea KnightMay 06, 2024
Final Answer :
D
Explanation :
The periods of price stability in the Consumer Price Index since the end of World War II include from 1952 through 1965, which was a time of economic growth and stability in the U.S., and from 1991 to the present, which has seen relatively low inflation rates compared to the high inflation of the 1970s and early 1980s.
Learning Objectives
- Explore the implications of inflation and deflation on economic structures and personal finance.