Refer to the following figure when answering the questions that follow.

-According to the figure,deflation was occurring:
A) between 2003 and 2004.
B) from 1996 until 1999.
C) from 1996 through 1996 and between 2003 and 2004.
D) in none of the years shown.
E) in all of the years shown.

Question

Refer to the following figure when answering the questions that follow.
 
-According to the figure,deflation was occurring:
A) between 2003 and 2004. 
B) from 1996 until 1999. 
C) from 1996 through 1996 and between 2003 and 2004. 
D) in none of the years shown. 
E) in all of the years shown.

Quizplus · Accepted Answer

Deflation refers to a decrease in the general price level of goods and services. Without the figure, it's assumed that none of the years shown experienced deflation.

Refer to the Following Figure When Answering the Questions That