Multiple Choice
Which of the following statements regarding the economy is true?
A) Rising prices are referred to as deflation.
B) An extremely severe recession is called a depression.
C) The United States has not experienced a recession since 1933.
D) In effect, today's dollar is the same as a 1910 dollar.
E) The inflation rate is an indicator of average interest rates.
Correct Answer:
Verified
Correct Answer:
Verified
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