One thing that has reduced our rate of inflation since 1945 has been

A) recessions.
B) wars.
C) large federal budget deficits.
D) rapid growth in the money supply.

Rate of Inflation

The percentage increase in the price level of goods and services over a period, typically one year.

Federal Budget Deficits

The difference between what a government spends and what it collects in taxes over a fiscal year, with deficits indicating more spending than revenue.

Money Supply

The full measure of monetary assets within an economy, involving cash, coins, and balances in checking and savings accounts, at a specified moment.