Which of the following concerning the history of U.S.inflation is not correct?
A) Prices rose at an average annual rate of about 4 percent over the last 70 years.
B) There was about a 16-fold increase in the price level over the last 70 years.
C) Inflation in the 1970s was below the average over the last 70 years.
D) During it's history the United States has experienced periods of deflation.
Correct Answer:
Verified
Q4: Inflation can be measured by the
A)change in
Q6: The quantity theory of money
A)is a fairly
Q7: Deflation
A)increases the ability to pay debts and
Q11: There was hyperinflation
A)during 1880-1896 in the United
Q15: Economists all agree that
A)neither high inflation nor
Q18: Over the last 70 years, the average
Q20: When prices are falling,economists say that there
Q20: The classical theory of inflation
A)is also known
Q31: As the price level decreases, the value
Q71: If the price index in some country
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