Statement I: The last deflation in the United States was from 1929 to 1933,when prices fell 50 percent.
Statement II: The years 1981 and 1982 were years of disinflation.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Correct Answer:
Verified
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