Which one of the following statements about the United States is true?
A)Prior to World War II,the United States experienced periods of both deflation and inflation.
B)The United States has experienced inflation every year since 1800.
C)Since World War II,the United States has experienced deflation.
D)Prior to World War II,the United States experienced deflation virtually every year;since World War II,the United States has consistently experienced inflation.

Question

Quizplus · Accepted Answer

Prior to World War II, the United States experienced both deflation (during periods such as the Panic of 1893 and the Great Depression) and inflation (such as during World War I and the 1920s). Since World War II, the U.S. has generally experienced inflation, except for a brief period of deflation during the recession of 2008-2009. Therefore, option A is the most accurate statement.

Which One of the Following Statements About the United States