Refer to the Following Figure to Answer the Following Questions

question 8

Multiple Choice

Refer to the following figure to answer the following questions:
-Based on the figure,one could correctly state that

• A) although U.S.inflation was generally higher in the 1970s and 1980s,that situation was reversed in the later years for the European Union.
• B) inflation in both the United States and the European Union was higher in the 1990s than it was in the 1970s and 1980s.
• C) deflation was a problem in the United States and the European Union in the 1990s,but inflation was a problem for both in the 1970s and 1980s.
• D) U.S.and E.U.inflation both tended to be higher in the 1970s and 1980s than in the 1990s.
• E) typically,while the European Union had inflation problems,the United States had deflation problems.

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