Multiple Choice
Which of the following is not correct?
A) The inflation rate is measured as the percentage change in a price index.
B) For the last 40 or so years,U.S.inflation hasn't shown much variation from its average rate of about 2 percent.
C) During the 19th century there were long periods of falling prices in the U.S.
D) Some economists argue that the costs of moderate inflation are not nearly as large as the general public believes.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Inflation can be measured by the<br>A)change in
Q3: When prices are falling,economists say that there
Q4: Deflation<br>A)increases incomes and enhances the ability of
Q5: Which of the following statements about U.S.inflation
Q6: Over the past 80 years,the overall price
Q8: Hyperinflation can be explained by<br>A)the market for
Q9: The term hyperinflation refers to<br>A)the spread of
Q10: In the last part of the 1800's<br>A)deflation
Q11: Inflation can be measured by the<br>A)change in
Q12: Between 1880 and 1896 the average level