Which statement best describes U.S. inflation between 1982 and 2000?

• A. Inflation rates were generally low and stable during this period.
• B. The U.S. experienced hyperinflation throughout these years.
• C. Inflation rates were highly volatile, with frequent double-digit increases.
• D. Deflation was the dominant trend in the U.S. economy during this period.

Answer: (A)

Verified step by step guidance

1. Step 1: Understand the context of U.S. inflation between 1982 and 2000 by recalling historical economic data and trends during this period.
2. Step 2: Recognize that hyperinflation refers to extremely high and typically accelerating inflation rates, which did not occur in the U.S. during these years.
3. Step 3: Note that deflation means a general decline in prices, which was not the dominant trend in the U.S. economy between 1982 and 2000.
4. Step 4: Consider the volatility of inflation rates; during this period, inflation was relatively stable without frequent double-digit increases.
5. Step 5: Conclude that the best description is that inflation rates were generally low and stable, reflecting the economic conditions of the U.S. from 1982 to 2000.