Which one of the following statements about the United States is true?
A)Prior to World War II,the United States experienced periods of both deflation and inflation.
B)The United States has experienced inflation virtually every year since 1800.
C)Since World War II,the United States has experienced deflation.
D)Prior to World War II,the United States experienced deflation virtually every year; since World War II,the United States has consistently experienced inflation.

Question

Quizplus · Accepted Answer

Prior to World War II, the United States experienced both deflation (a decrease in the general price level of goods and services over time) and inflation (an increase in the general price level of goods and services over time) in various periods. However, since World War II, the United States has generally experienced inflation with occasional periods of low inflation or deflation. option B is incorrect as it is an exaggerated statement, and option C and D are incorrect as they make incorrect claims about deflation and inflation in the United States.

Which One of the Following Statements About the United States