Which of the following is correct?
A) A period of hyperinflation is a period of extraordinarily low inflation.
B) A period of deflation is any period during which the inflation rate is decreasing.
C) From 2002 to 2012, U.S. inflation averaged about 2.5 percent per year.
D) All of the above are correct.
Correct Answer:
Verified
Q2: Inflation can be measured by the
A)change in
Q4: Inflation can be measured by the
A)change in
Q8: Over the past 80 years,the overall price
Q9: Deflation
A)increases incomes and enhances the ability of
Q11: Over the past 80 years,prices in the
Q13: If the price level increased from 120
Q14: Over the last 80 years,the average annual
Q15: Which of the following is not correct?
A)The
Q18: There was hyperinflation during the
A)period 1880-1896 in
Q20: When prices are falling,economists say that there
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