Asked by jessica tudosa on Jun 16, 2024
Verified
Which of the following decades was characterized by the highest inflation rate in the U.S.?
A) 1920s
B) 1930s
C) 1950s
D) 1970s
E) 1960s
Inflation Rate
The percentage rate at which the general level of prices for goods and services is rising, eroding purchasing power.
- Gain knowledge about historical inflation trends and their causes.
Verified Answer
VP
Vincent PatturelliJun 16, 2024
Final Answer :
D
Explanation :
The 1970s saw the highest inflation rate in the U.S. due to multiple factors such as expansionary monetary policy, the oil shocks, and rising labor costs.
Learning Objectives
- Gain knowledge about historical inflation trends and their causes.