In Canada,periods of deflation
A) primarily occurred during times of war.
B) were virtually nonexistent until after 1980.
C) have never occurred for more than one year.
D) were relatively common prior to 1930.

Question

Quizplus · Accepted Answer

Prior to 1930, Canada experienced periods of deflation regularly. This was largely due to the country's reliance on primary industries such as agriculture and mining, which were subject to fluctuations in global commodity prices. After 1980, Canada has generally experienced low inflation rather than deflation. While there have been instances of deflation since then, they have typically been brief and mild.

In Canada,periods of Deflation