Which of the Following Statements Is True About the U

Multiple Choice

Which of the following statements is true about the U.S. rate of inflation between 1973 and 2004?

A) The rate of inflation trended upward during this period.
B) The rate of inflation trended downward during this period.
C) The rate of inflation fluctuated between 2 and 3 percent during this period.
D) Until 1980 the rate of inflation trended upward, and after 1980 the rate of inflation trended downward.
E) Until 1980 the rate of inflation trended downward, and after 1980 the rate of inflation trended upward.