Question

question 3 of 5 which of the following statements is false regarding inflation? it is the opposite of deflation. it means that purchasing power decreased. during the 1970s, it was extremely low. it represents a sustained increase in the price level in an economy. it can be calculated from the consumer price index.

Explanation:

Inflation is the opposite of deflation and represents a sustained increase in the price - level causing a decrease in purchasing power. It can be calculated from the Consumer Price Index. In the 1970s, there was high inflation due to factors like oil price shocks.

Answer:

C. During the 1970s, it was extremely low.