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Question
Which of the following statements best completes the following sentence; "Prior to World War I, when the U.S. was on the gold standard, inflation in the U.S.…"?A. averaged 3.5 percent per year but was highly variable.
B. averaged less than one percent per year and was highly variable.
C. averaged less than one percent per year and was stable.
D. averaged 3.5 percent per year and was stable.
Answer
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