Which of the Following Is True About U

Multiple Choice

Which of the following is true about U.S.history prior to the 1950s?

A) The inflation rate remained constant during this period.
B) Cost-push inflation led to depressions,which were followed by slowly-rising price levels.
C) The price level remained constant during this period.
D) Major wars resulted in high inflation rates,after which the inflation rate tapered off.
E) Major wars resulted in high inflation rates that were usually followed by deflation.