Secular deflation
A) has been a serious problem during the last three decades in the United States.
B) although present, has not been a problem during the last three decades in the United States.
C) has not been present in the United States since 1960.
D) cannot exist in a capitalistic economy.

Question

Quizplus · Accepted Answer

Secular deflation, a persistent decline in prices, has not been a significant issue in the United States since the 1960s, as inflation has generally been more of a concern.

Secular Deflation