Over the Last 70 Years, the Average Annual U

Multiple Choice

Over the last 70 years, the average annual U.S. inflation rate was about

A) 2 percent, implying that prices have increased 10-fold.
B) 4 percent, implying that prices have increased 10-fold.
C) 2 percent, implying that prices have increased 16-fold.
D) 4 percent, implying that prices increased about 16-fold.