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.

---

Definitions:

Disbursement Float

The time delay between when a check is issued and when it is deducted from the payer's bank account.

Issuance

The process of offering new or existing securities for sale to investors by a corporation or government entity.

Bank Account

A financial account maintained by a bank or other financial institution where the funds deposited by an account holder can be accessed.