Asked by Timyia Thomas on Jun 29, 2024
Verified
Which one of these periods had the highest rate of inflation?
A) 1945-1948.
B) 1957-1960.
C) 1961-1964.
D) 1969-1972.
E) 1984-1986.
Rate of Inflation
The percentage increase in the price level of goods and services in an economy over a period of time.
- Examine the patterns of change over time in unemployment and inflation rates.
Verified Answer
ZK
Zybrea KnightJul 05, 2024
Final Answer :
A
Explanation :
The period immediately following World War II (1945-1948) experienced the highest rate of inflation among the options provided. This was largely due to the transition from a wartime economy to a peacetime economy, coupled with pent-up consumer demand and shortages of goods, which drove prices up significantly.
Learning Objectives
- Examine the patterns of change over time in unemployment and inflation rates.