Secular deflation
A)has been a serious problem during the last three decades in the United States.
B)although present, has not been a problem during the last three decades in the United States.
C)has not been present in the United States since 1959.
D)cannot exist in a capitalistic economy.

Question

Quizplus · Accepted Answer

Secular deflation has not been present in the United States since 1959, as the U.S. economy has generally experienced inflation rather than deflation over the last several decades.

Secular Deflation