Which of the following is correct?
A) A period of hyperinflation is a period of extraordinarily high or extraordinarily low inflation.
B) A period of deflation is any period during which the inflation rate is decreasing.
C) During the 1990s,U.S.inflation averaged about 2 percent per year.
D) All of the above are correct.
Correct Answer:
Verified
Q3: With the value of money on the
Q7: Over the past 70 years, prices in
Q8: Over the past 70 years, the overall
Q9: Deflation
A)increases incomes and enhances the ability of
Q15: If P denotes the price of goods
Q17: If the price level increased from 120
Q18: There was hyperinflation during the
A)period 1880-1896 in
Q67: When we assume that the supply of
Q485: In early 2008, the central bank of
Q503: Economists agree that
A)neither high inflation nor moderate
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