Which of the Following Statements Concerning the History of U

question 18

Multiple Choice

Which of the following statements concerning the history of U.S.inflation is not correct?

• A)Prices rose at an average annual rate of about 3.6 percent over the last 80 years.
• B)There was about a 17-fold increase in the price level over the last 80 years.
• C)Inflation in the 1970s was below the average over the last 80 years.
• D)The United States has experienced periods of deflation.

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Definitions:

Railway Labor Act

A United States federal law that governs labor relations in the railway and airline industries, aiming to avoid service interruptions.

Mediation

An alternative method of resolving disputes where an impartial third party aids those in disagreement to come to a consensus that is agreeable to all involved.

Picket Line

A boundary established by striking workers outside an employer's premises, meant to discourage others from entering the site during a strike.

Discharged Workers

Employees who have been terminated from their job by their employer.