Multiple Choice
Which statement is TRUE?
A) Inflation means an increase in the overall level of prices.
B) Deflation refers to a decrease in prices only in the energy and transportation sectors.
C) During inflation most people enjoy an increase in their standard of living even if their wages don't increase.
D) Inflation was a problem for the first time in the recession of 1929-1933.
Correct Answer:
Verified
Correct Answer:
Verified
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