The Reason That the U

Multiple Choice

The reason that the U.S. economy has experienced long-term inflation since World War II is

A) the high tax rates imposed by the federal government.
B) the large budget deficits run by the federal government.
C) the rate of growth of the money supply has been too fast relative to the rates of growth of velocity and output.
D) the long-run increases in the prices of oil and other basic commodities.