What happened to the price level between 1929 and 1932?
A) It did not change.
B) Inflation reached 20%.
C) Inflation hovered around 5%.
D) Deflation reached 10%.

Name: What happened to the price level between 1929 and 1932? A) It did not change. B) Inflation reached 20%. C) Inflation hovered around 5%. D) Deflation reached 10%.
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

The price level experienced deflation, meaning prices decreased, during this time period. The percentage decrease was approximately 10%.

What Happened to the Price Level Between 1929 and 1932