Which of the statements below is FALSE regarding interest rates in the United States between 1950-1999?
A) Inflation has varied from a low of 5% to a high of slightly over 13%.
B) The average rate for the 3-month U.S. Treasury bill was 5.23%.
C) The average rate of inflation was 4.05%.
D) The average real interest rate was 1.18%.
Answer: A
Explanation: A) Inflation has varied from a low of negative 1% to a high of slightly over 13%.
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