In Terms of Inflation,the Period from the Mid-1980s Until Today

question 14

Multiple Choice

In terms of inflation,the period from the mid-1980s until today in the United States is called the "Great Moderation." This refers to the fact that

• A) the hyperinflation rates of 100 percent or more experienced during the 1960s,1970s,and 1980s have been replaced by moderate rates of inflation averaging about 12 percent.
• B) the inflation of the 1960s,1970s,and early 1980s has been replaced by deflation.
• C) the deflation of the 1960s,1970s,and early 1980s has been replaced by moderate inflation (under 10 percent).
• D) the double-digit inflation of the 1970s and 1980s has been replaced by well-controlled inflation of less than 10 percent.
• E) inflation now fluctuates between 0 percent and 20 percent,whereas in the 1970s and 1980s,it fluctuated more wildly and at higher rates.

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Definitions:

Beak Size

A morphological trait in birds and some other animals, influencing their feeding habits and ecological niche, often subject to evolutionary adaptation.

Hindlimbs

The rear limbs of an animal, especially those on the vertebrates, used for locomotion or support.

High Altitude

Pertains to areas that are significantly elevated above sea level, affecting oxygen levels and often requiring physiological adaptation for survival.

Mammary Glands

Specialized organs in mammals that produce milk to nourish newborns, a key characteristic of mammalian species.