Asked by Myranda Jimenez on May 25, 2024
Verified
Which statement is true about the rate of inflation?
A) It was higher at the beginning of the 1980s than at the end of the 1980s.
B) It was lower at the beginning of the 1980s than at the end of the 1980s.
C) It was about the same at the beginning of the 1980s as at the end of the 1980s.
Rate of Inflation
The rate at which the general level of prices for goods and services is rising, and, subsequently, eroding purchasing power.
1980s
A decade known for its significant political, cultural, and technological changes, impacting global dynamics.
- Comprehend the principal elements that affect inflation and unemployment figures.
Verified Answer
WG
Wilson GarciaMay 26, 2024
Final Answer :
A
Explanation :
The rate of inflation was indeed higher at the beginning of the 1980s than at the end of the 1980s. This period is known for the high inflation rates experienced in many countries, particularly in the early 1980s, which were subsequently reduced by various monetary policies.
Learning Objectives
- Comprehend the principal elements that affect inflation and unemployment figures.