Between 2007 and 2009,which of the following occurred in the United States,but not in the United Kingdom?
A)an increase in unemployment
B)a negative demand shock
C)a negative rate of inflation (i.e. ,deflation)
D)a sharp increase in financial frictions
E)a negative supply shock

Question

Quizplus · Accepted Answer

Between 2007 and 2009, the United States experienced a period of deflation, a negative rate of inflation, which did not occur in the United Kingdom. The UK managed to avoid deflation during this period, even though both countries faced significant economic challenges.

Between 2007 and 2009,which of the Following Occurred in the United