The Rate of Inflation
Completion requirements
View
- 1g Use economic indicators to predict where a business is heading in the business cycle (CLO 1)
Key Concepts and Summary
In the U.S. economy, the annual inflation rate in the last two decades has typically been around 2% to 4%. The periods of highest inflation in the United States in the twentieth century occurred during the years after World Wars I and II, and in the 1970s. The period of lowest inflation – actually, with deflation – was the Great Depression of the 1930s.