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the following questions related to inflation. 5. In what years did the US experience deflation? 6. What was the inflation rate in 1974? 7. What
the following questions related to inflation. 5. In what years did the US experience deflation? 6. What was the inflation rate in 1974? 7. What was the inflation rate in 1980? 8. What was the highest inflation rate since you were born? 9. (4 points) Generally, what happens to the rate of inflation over a recession? (Does it rise? Does it fall? Does it remain constant? Is its behavior unpredictable?) Attached, you will find a graph of the monthly inflation rate for 1972 through 1976. What is unusual about the behavior of inflation over the recession shown
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