Supporters of economic stimulus pointed to the rise in inflation from 2.1 to 2.4% between 2017 and 2018 as evidence of what?

Question

Multiple choice question.

That the economic stimulus following the Great Recession had not worked

That the economic stimulus following the Great Recession had worked too well

That the economy was well below the 3 percent threshold for overheating

That the economy was overheating and inflation would continue rising

Answer 1

Supporters of economic stimulus pointed to the rise in inflation from 2.1 to 2.4% between 2017 and 2018 as evidence of that the economy was overheating and inflation would continue rising.