Which of the Following Is Not Correct

question 7

Multiple Choice

Which of the following is not correct?

• A)The inflation rate is measured as the percentage change in a price index.
• B)For the last 40 or so years,U.S.inflation hasn't shown much variation from its average rate of about 2 percent.
• C)During the 19th century there were long periods of falling prices in the U.S.
• D)Some economists argue that the costs of moderate inflation are not nearly as large as the general public believes.