If We Look at Inflation as Measured by the CPI

If we look at inflation as measured by the CPI in the U.S.over the last four decades, we realize that the rate of inflation

A) varied much more in the 1960s than in the 1970s or 1980s
B) was much lower in the 1970s than in any other decade
C) varied greatly over time but has continued to decrease on average since 1969
D) reached an all-time low in 1981
E) none of the above

Correct Answer:

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